E121: Macro update, Fed hike, CRE debt bubble, Balaji's Bitcoin bet, TikTok's endgame & more
All-In with Chamath, Jason, Sacks & Friedberg
00:00
The Paradox of Cheap Insurance Leading Up to the Financial Crisis
The insurance for SACSA's bank run was very cheap up to the extreme tail event, but now the real rate for the insurance will have to take into account the massive risk./nIf everyone is insured, the cost of the insurance goes way down, but if you only insure the most valuable deposits, the cost of the insurance goes up.
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