PBD Podcast We Raised The Interest Rates 7 Times This Year! | Ep. 235 | Part 1
Feb 10, 2023
The discussion kicks off with reactions to the Federal Reserve's interest rate hikes, emphasizing its impact on the economy. There's a deep dive into Disney's strategic shifts, including a massive layoff of 7,000 employees. The talk shifts to the implications of AI taking over jobs at Yahoo, highlighting the changing job landscape. Humorous debates about human-robot relationships and the challenges in the tech industry make for an entertaining, yet thought-provoking listen.
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Historic Rate Hikes
- The Federal Reserve increased interest rates 7 times in 2022, matching the rate hike frequency of 2005.
- Interest rate hikes are often followed by increased unemployment, according to the Phillips curve.
Fear and Greed Index Shift
- The CNN Fear and Greed Index increased from 33 a year ago to 72, indicating a shift from fear to greed in the market.
- This shift suggests a decrease in paranoia, potentially creating good investment opportunities.
Disney Layoffs and Restructuring
- Disney announced 7,000 job cuts and a restructuring into three divisions: Disney Entertainment, ESPN, and Parks, Experiences, and Products.
- Bob Iger, Disney's CEO, may be planning to sell one of these divisions, likely ESPN due to its declining subscribers.