Chapter
Managing risk at the individual level amidst increasing government spending
32:42 - 36:11 (03:28)
With governments continuing to spend and run deficits, risk should be better managed at the individual and company level. Private market participants being overlevered is a concerning issue while governments remain sympathetic for being overlevered.
Clips
The speaker suggests that instead of telling governments to stop spending and isolate risk, it would be better to manage risk at the individual, company level since governments will likely continue to be overlevered.
32:42 - 34:54 (02:11)
Summary
The speaker suggests that instead of telling governments to stop spending and isolate risk, it would be better to manage risk at the individual, company level since governments will likely continue to be overlevered. They also express concern with private market participants being overlevered due to greed and risk.
ChapterManaging risk at the individual level amidst increasing government spending
EpisodeE28: Current state of public & private markets, Archegos debacle, US debt issues, wealth tax & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The US federal government is running a 4.5 trillion dollar deficit this year due to COVID-19 relief efforts.
34:55 - 36:11 (01:15)
Summary
The US federal government is running a 4.5 trillion dollar deficit this year due to COVID-19 relief efforts. President Biden has already passed a 1.9 trillion dollar COVID stimulus bill and is proposing a 2 to 4 trillion dollar infrastructure and social program package.