All-In with Chamath, Jason, Sacks & Friedberg E80: Recession deep dive: VC psychology, macro risks, Tiger Global, predictions and more
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May 13, 2022 The hosts dive into the current economic landscape, comparing it to past recessions and discussing rising macro risks. They analyze the impact of venture capital dynamics during a downturn, highlighting the plight of Tiger Global and strategies for startups. Mental health in investing post-loss surfaces as a significant concern. Predictions about market recovery timelines are shared, along with insights on shifting job market dynamics and the importance of financial metrics for both investors and employees.
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Market Correlation with Fed
- Until Q4 2021, the stock market and Fed money printing had a 0.92 correlation.
- Since then, $35 trillion (14% of global wealth) vanished in 5 months, nearing 2008's 19% loss.
Broader Impact on Everyday People
- Current market conditions affect everyday people more broadly than the 2008 crisis.
- This widespread impact is due to more people owning diverse assets, increasing vulnerability.
Consumer Spending and Looming Risks
- Consumer spending has remained strong despite market corrections, but this might change.
- Rising interest rates, increased consumer debt, and falling real wages threaten consumers.