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E151: WW3 risk, War with Iran?, 4.9% GDP, startup failures growing, new Speaker & more
All-In with Chamath, Jason, Sacks & Friedberg
The Disconnect Between Wall Street and the Consumer
The stock market is down, which is impacting investors and consumers. As housing prices drop, people are hesitant to sell. Consumers are realizing they aren't as wealthy as they thought, leading to decreased spending. Credit card debt and high interest rates are also a concern. The economy can't continue like this indefinitely, and eventually, Wall Street and Main Street will need to align.
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