Chapter
Lack of Confidence in the Federal Bureaucracy's Response to Inflation
23:47 - 34:19 (10:32)
The lack of confidence in the federal bureaucracy's response to inflation is leading to concern in the markets. A recent proposal to limit the work week to four days seems out of touch with the current economic situation and only adds to the uncertainty.
Clips
Pension funds were forced to invest in funds that would buy future cash flows in order to fund pensions, however, when assets that they held experienced a downturn, they lost money.
23:47 - 29:10 (05:23)
Summary
Pension funds were forced to invest in funds that would buy future cash flows in order to fund pensions, however, when assets that they held experienced a downturn, they lost money. Value investing has also become difficult in the past 15 years, as the valuable assets tend to be technological rather than simply cheap.
ChapterLack of Confidence in the Federal Bureaucracy's Response to Inflation
EpisodeE58: November's CPI, preparing for a downturn, macro outlook, Better.com's botched layoffs & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speaker discusses the lack of confidence in the federal bureaucracy and its ability to handle the current issues, and mentions the aggressive legislative agenda to paint Biden as the next Roosevelt.
29:10 - 32:03 (02:52)
Summary
The speaker discusses the lack of confidence in the federal bureaucracy and its ability to handle the current issues, and mentions the aggressive legislative agenda to paint Biden as the next Roosevelt.
ChapterLack of Confidence in the Federal Bureaucracy's Response to Inflation
EpisodeE58: November's CPI, preparing for a downturn, macro outlook, Better.com's botched layoffs & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Venture capitalist Chamath Palihapitiya criticizes the proposal to limit the work week to four days, saying it's a bad idea in general and particularly brain dead during this inflationary period caused by too much money chasing too few goods.
32:03 - 32:59 (00:56)
Summary
Venture capitalist Chamath Palihapitiya criticizes the proposal to limit the work week to four days, saying it's a bad idea in general and particularly brain dead during this inflationary period caused by too much money chasing too few goods. He argues that the STEMI checks have disincentivized people from working, exacerbating the supply and demand issue.
ChapterLack of Confidence in the Federal Bureaucracy's Response to Inflation
EpisodeE58: November's CPI, preparing for a downturn, macro outlook, Better.com's botched layoffs & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The COVID restrictions have caused goods and services shortages, with businesses struggling to stay afloat.
32:59 - 34:19 (01:20)
Summary
The COVID restrictions have caused goods and services shortages, with businesses struggling to stay afloat. The proposed reduction in the number of workdays and hours available is unnecessary and harmful in these times.