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Interest rates, inflation and “getting fit” with Brad Gerstner | E1639
This Week in Startups
The Fed Made a Mistake in 2022
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
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