Chapter
Risk of Credit Crisis in the Face of Potential Recession
1:31:50 - 1:35:47 (03:57)
With a potential recession looming, a consumer credit bubble and lack of wage growth could lead to a credit crisis in the next year, making it difficult for consumers to afford their credit. The real Fed funds rate has also become negative, leading to concerns about the data the Fed is using to make policy decisions.
Clips
There are fears that if a recession hits and real wage growth doesn't occur, combined with the ongoing consumer credit bubble, it could create a credit crisis in around nine months to a year.
1:31:50 - 1:34:52 (03:02)
Summary
There are fears that if a recession hits and real wage growth doesn't occur, combined with the ongoing consumer credit bubble, it could create a credit crisis in around nine months to a year. This is compounded by the fact that the Fed funds rate has gone negative, with evidence suggesting an impending stock market crash, panic and recession.
ChapterRisk of Credit Crisis in the Face of Potential Recession
EpisodeE80: Recession deep dive: VC psychology, macro risks, Tiger Global, predictions and more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speakers criticize Biden and Powell for their handling of the economy, saying that there are systemic risks that haven't been addressed and that they will go down in history as the worst president and Fed chair of all time.
1:34:52 - 1:35:47 (00:55)
Summary
The speakers criticize Biden and Powell for their handling of the economy, saying that there are systemic risks that haven't been addressed and that they will go down in history as the worst president and Fed chair of all time.