Chapter
The Consumer Credit Bubble
04:59 - 14:39 (09:39)
As inflation rises, wages in real terms fall and consumers turn to credit cards to cover the rising costs of goods and services. This may signal the beginning of a consumer credit bubble, which poses a scary situation for the economy.
Clips
The podcast discusses the impact of correlation on market bubbles and crashes, highlighting the destruction of $35 trillion in global market value in just five months.
04:59 - 09:50 (04:50)
finance
Summary
The podcast discusses the impact of correlation on market bubbles and crashes, highlighting the destruction of $35 trillion in global market value in just five months. It also explains the relationship between correlation and market movements.
ChapterThe Consumer Credit Bubble
EpisodeE80: Recession deep dive: VC psychology, macro risks, Tiger Global, predictions and more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
With consumer credit standing at 60 billion dollars, it looks like the beginning of a terrifying consumer credit bubble.
09:51 - 14:39 (04:47)
Consumer Credit
Summary
With consumer credit standing at 60 billion dollars, it looks like the beginning of a terrifying consumer credit bubble. As inflation rises, real wages start to fall leading to more unemployment, which is made worse with the current proxy war against Russia in Ukraine.