Episode
E98: Big tech starts making cuts, Fed incompetency, global debt, Russia/Ukraine & more
1:19:38
Published: Sat Oct 01 2022
Description
0:00 Bestie intros! 1:36 Big tech starts making cuts, plus what this means for the broader economy and startups 31:09 Global debt numbers, Fed incompetency 54:06 RIP Coolio 1:00:30 Russia / Ukraine update Follow the besties: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg Intro Video Credit: https://twitter.com/TheZachEffect Referenced in the show: https://www.bloomberg.com/news/articles/2022-09-29/meta-announces-hiring-freeze-warns-employees-of-restructuring https://www.google.com/finance/quote/META:NASDAQ https://www.google.com/finance/quote/AAPL:NASDAQ https://www.google.com/finance/quote/GOOG:NASDAQ https://www.cnbc.com/2022/09/28/stanley-druckenmiller-sees-hard-landing-in-2023-with-a-possible-deeper-recession-than-many-expect.html https://www.google.com/finance/quote/NFLX:NASDAQ https://www.mckinsey.com/capabilities/mckinsey-digital/our-insights/if-youre-going-to-build-something-from-scratch-this-might-be-as-good-a-time-as-in-a-decade https://www.forbes.com/sites/jonathanponciano/2021/05/11/billionaire-investor-druckenmiller-blasts-feds-radical-stimulus-policy-warns-it-risks-stock-bubble-blowing-up https://www.cnbc.com/2022/09/28/cnbc-transcript-duquesne-family-office-chairman-ceo-stanley-druckenmiller-speaks-with-cnbcs-joe-kernen-live-during-the-cnbc-delivering-alpha-conference-today.html https://www.xe.com/currencycharts/?from=GBP&to=USD&view=1M https://www.bls.gov/charts/job-openings-and-labor-turnover/unemp-per-job-opening.htm https://fred.stlouisfed.org/series/JTSJOL https://www.wsj.com/articles/a-nation-of-quitters-great-enabling-exodus-working-age-men-parents-stimulus-covid-quit-retirement-bohemian-videogame-11664112795 https://goop.com/subscribe https://www.reuters.com/world/putin-host-kremlin-ceremony-annexing-parts-ukraine-2022-09-29 https://www.reuters.com/world/europe/zelenskiy-says-ukraine-applying-nato-membership-2022-09-30 https://www.reuters.com/world/europe/qa-nord-stream-gas-sabotage-whos-being-blamed-why-2022-09-30 https://www.aa.com.tr/en/economy/former-polish-foreign-minister-thanks-us-for-damaging-nord-stream-pipeline/2696530 https://www.theamericanconservative.com/should-america-go-all-in-on-ukraine
Chapters
The hosts engage in small talk about clothing and hairstyles at the beginning of the episode.
00:00 - 00:51 (00:51)
Summary
The hosts engage in small talk about clothing and hairstyles at the beginning of the episode.
EpisodeE98: Big tech starts making cuts, Fed incompetency, global debt, Russia/Ukraine & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The recession seems to be affecting leading indicators in Silicon Valley and is hitting the large tech companies hard, which is signaling the end of big tech's unfettered growth phase.
00:51 - 10:12 (09:20)
Summary
The recession seems to be affecting leading indicators in Silicon Valley and is hitting the large tech companies hard, which is signaling the end of big tech's unfettered growth phase.
EpisodeE98: Big tech starts making cuts, Fed incompetency, global debt, Russia/Ukraine & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The escalation of perks and benefits provided by big tech companies to attract top talent has created an unsustainable bubble in the tech industry, but the lack of a "big tech put" will lead to true price discovery and stability in the markets.
10:12 - 16:55 (06:43)
Summary
The escalation of perks and benefits provided by big tech companies to attract top talent has created an unsustainable bubble in the tech industry, but the lack of a "big tech put" will lead to true price discovery and stability in the markets.
EpisodeE98: Big tech starts making cuts, Fed incompetency, global debt, Russia/Ukraine & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
This podcast discusses how pursuing multiple verticals has become a successful business model for software companies due to lower operating costs and increased access to talent.
16:55 - 22:38 (05:43)
Summary
This podcast discusses how pursuing multiple verticals has become a successful business model for software companies due to lower operating costs and increased access to talent.
EpisodeE98: Big tech starts making cuts, Fed incompetency, global debt, Russia/Ukraine & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The business cycle provides an instructive guide on when to buy equities.
22:38 - 27:56 (05:18)
Summary
The business cycle provides an instructive guide on when to buy equities. As the economy heads into a recession, it is a signal to start buying, as historically markets perform the best in the year leading up to a recession.
EpisodeE98: Big tech starts making cuts, Fed incompetency, global debt, Russia/Ukraine & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The US government considered long-term bonds to refinance its debt during low interest rates under Trump's administration.
27:56 - 33:43 (05:46)
Summary
The US government considered long-term bonds to refinance its debt during low interest rates under Trump's administration. Companies may stop spending as demand for products fluctuates, a pattern similar to multi-decade long corporate bonds.
EpisodeE98: Big tech starts making cuts, Fed incompetency, global debt, Russia/Ukraine & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The UK's newly elected government plans to massively cut taxes, cap energy bills and provide huge transfer payments to British citizens, all while raising rates by 140 basis points.
33:42 - 41:16 (07:33)
Summary
The UK's newly elected government plans to massively cut taxes, cap energy bills and provide huge transfer payments to British citizens, all while raising rates by 140 basis points. Nonetheless, using data like rent and car prices is still a challenge for the government's plans.
EpisodeE98: Big tech starts making cuts, Fed incompetency, global debt, Russia/Ukraine & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speaker explains the benefits of open-source projects and how sharing real-time data and models can lead to better decision-making based on less biased information.
41:16 - 48:06 (06:49)
Summary
The speaker explains the benefits of open-source projects and how sharing real-time data and models can lead to better decision-making based on less biased information.
EpisodeE98: Big tech starts making cuts, Fed incompetency, global debt, Russia/Ukraine & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The current low-interest rate policy and government bailouts have led to a decrease in labor participation and increased net worth for older generations, while the government policies become less effective.
48:06 - 53:48 (05:42)
Summary
The current low-interest rate policy and government bailouts have led to a decrease in labor participation and increased net worth for older generations, while the government policies become less effective.
EpisodeE98: Big tech starts making cuts, Fed incompetency, global debt, Russia/Ukraine & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speaker shares a story of meeting Coolio and being mistaken for someone else, but recounts that the rapper was a nice guy.
53:48 - 57:00 (03:11)
Summary
The speaker shares a story of meeting Coolio and being mistaken for someone else, but recounts that the rapper was a nice guy.
EpisodeE98: Big tech starts making cuts, Fed incompetency, global debt, Russia/Ukraine & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The podcast discusses the kindness of college kids and the health benefits of dark chocolate.
57:00 - 1:00:54 (03:53)
Summary
The podcast discusses the kindness of college kids and the health benefits of dark chocolate. They also give a shoutout to Gwyneth Paltrow and her endorsement of the all in pod, emphasizing the importance of taking care of one's health. The episode ends with a tribute to a friend.
EpisodeE98: Big tech starts making cuts, Fed incompetency, global debt, Russia/Ukraine & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speaker discusses the effectiveness of proving Russia is not a threat except for their nuclear power and the current Ukraine war crisis.
1:00:54 - 1:05:19 (04:25)
Summary
The speaker discusses the effectiveness of proving Russia is not a threat except for their nuclear power and the current Ukraine war crisis. The success of the market is dependent on a successful resolution of the situation and the speaker predicts that Putin's strength will be minimized amidst the recent events.
EpisodeE98: Big tech starts making cuts, Fed incompetency, global debt, Russia/Ukraine & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The potential consequences of President Trump's escalating conflict with Iran are debated, with some experts arguing that his threats of military action are just a bluff while others warn of dire consequences should he actually follow through.
1:05:19 - 1:08:03 (02:43)
Summary
The potential consequences of President Trump's escalating conflict with Iran are debated, with some experts arguing that his threats of military action are just a bluff while others warn of dire consequences should he actually follow through.
EpisodeE98: Big tech starts making cuts, Fed incompetency, global debt, Russia/Ukraine & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The geopolitical tensions between the US and Iran are causing global market conditions to become uncertain, leading to a decrease in stock prices.
1:08:03 - 1:13:47 (05:43)
Summary
The geopolitical tensions between the US and Iran are causing global market conditions to become uncertain, leading to a decrease in stock prices. However, some investors believe that this geopolitical strain could actually provide upside potential for the market in the long run.
EpisodeE98: Big tech starts making cuts, Fed incompetency, global debt, Russia/Ukraine & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The pandemic has introduced uncertainty about future earnings, profits, and revenues for the upcoming year, making it difficult for investors.
1:13:47 - 1:17:26 (03:39)
Summary
The pandemic has introduced uncertainty about future earnings, profits, and revenues for the upcoming year, making it difficult for investors.
EpisodeE98: Big tech starts making cuts, Fed incompetency, global debt, Russia/Ukraine & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The rate of rotation in Chamath Palihapitiya's closet is a telling indicator of economic health, according to Elon Musk.
1:17:26 - 1:19:39 (02:12)
Summary
The rate of rotation in Chamath Palihapitiya's closet is a telling indicator of economic health, according to Elon Musk.