Inflation skyrocketed this year. Why did it skyrocket when it hadn't really moved up in 20 years? Because we did something that was totally abnormal. We put $5,6,7 trillion into the economy and dared people not to take risk. And guess what they did? They took a lot of risk,. People loaded up on their second house, their third house, they bought more cars, they extended their credit card... The Fed made a mistake in 2021. When rates go from zero to 4.5%, that is incredibly dislocated because you don't know what to underwrite to. So your propensity to want to leave money there is a lot lower. Multiples for companies
Brad Gerstner of Altimeter Capital joins Molly and Jason for an epic Friday show. They chop it up about the state of the economy, what it actually means to be founder friendly and discuss which big tech companies are“fit”. (1:24)
(0:00) J+M Kick off the show
(1:24) Brad Gerstner joins Molly and Jason
(10:28) Odoo - Get your first app free and a $1000 credit at https://odoo.com/twist
(11:38) Brad presents on interest rates, inflation and business multiples
(26:32) LinkedIn Marketing - Get a $100 LinkedIn ad credit at https://linkedin.com/thisweekinstartups
(28:05) The Fed’s core mission
(37:54) Being founder friendly
(39:42) Brad’s letter to Meta
(48:33) Companies that need to get fit
(53:00) Google and Meta’s fitness
(58:08) The curse of the money-printing machine
(1:00:01) Google vs ChatGPT
(1:05:05) Is Uber fit?
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