Episode
E84: Markets update, crypto collapse, Russia/Ukraine endgame, state of the podcast
1:41:58
Published: Fri Jun 24 2022
Description
0:00 Besties discuss the one-month hiatus 7:03 Markets update: Fed decisions, goals, macro factors, root causes 32:19 Earnings estimate skepticism, labor force, job openings 47:17 How startups should think about the next 18-36 months 56:20 Crypto collapse, next shoe(s) to drop 1:08:41 Russia/Ukraine endgame, escalation, scrutinizing US alliances, sanctions failing 1:33:12 Will 2024 be Biden vs. Trump? Could it be DeSantis vs. Newsom? 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.google.com/finance/quote/SPY:NYSEARCA https://www.google.com/finance/quote/.DJI:INDEXDJX https://www.cnbc.com/2022/06/10/consumer-price-index-may-2022.html https://www.longtermtrends.net/home-price-median-annual-income-ratio https://www.cnbc.com/2021/06/09/tc-energy-terminates-keystone-xl-pipeline-project.html https://www.reuters.com/business/energy/us-talks-with-allies-russian-oil-price-cap-says-yellen-2022-06-20/ https://www.xe.com/currencycharts/?from=RUB&to=USD&view=1Y https://www.wsj.com/articles/inflation-bls-price-checkers-who-determine-cpi-11652132333 https://www.chicagofed.org/research/dual-mandate/dual-mandate https://data.oecd.org/leadind/consumer-confidence-index-cci.htm https://www.rasmussenreports.com/public_content/politics/top_stories/right_direction_wrong_track_jun20 https://thehill.com/policy/finance/3525909-56-percent-in-new-poll-believe-us-is-in-recession/ https://www.linkedin.com/pulse/reducing-inflation-come-great-cost-stagflation-ray-dalio https://fred.stlouisfed.org/series/CIVPART https://tradingeconomics.com/united-states/job-offers https://www.socialcapital.com/ideas/2021-annual-letter https://techcrunch.com/2022/05/10/tiger-global-hit-by-17b-hedge-fund-losses-has-nearly-depleted-its-latest-vc-fund https://www.coinbase.com/price/bitcoin https://www.coinbase.com/price/ethereum https://www.coindesk.com/business/2022/06/17/three-arrows-capitalconfirms-heavy-losses-from-lunas-collapse-exploring-potential-options-report https://www.ft.com/content/19c27ae1-ae72-4668-b3a9-162adc27dffc https://decrypt.co/103489/solend-whale-108m-loan-nearly-crashed-solana https://www.justice.gov/usao-sdny/pr/former-employee-nft-marketplace-charged-first-ever-digital-asset-insider-trading-scheme https://www.ft.com/content/4e211784-83eb-49a2-ba39-8976345a88d5 https://www.washingtonpost.com/world/2022/06/10/ukraine-ammunition-donbas-russia/ https://www.americanpurpose.com/blog/fukuyama/why-ukraine-will-win/ https://www.bloomberg.com/news/articles/2022-03-02/london-listed-russian-stocks-erase-570-billion-in-two-weeks https://www.bloomberg.com/news/articles/2022-06-20/ruble-soars-to-seven-year-high-in-challenge-to-bank-of-russia https://www.cnbc.com/2022/06/23/russias-ruble-is-at-strongest-level-in-7-years-despite-sanctions.html https://www.wsj.com/articles/u-s-push-for-exceptions-in-europes-sanctions-on-russian-oil-gains-traction-11655913796 https://abcnews.go.com/International/wireStory/correction-germany-nuclear-shutdown-story-82051054 https://www.bloomberg.com/news/articles/2022-06-23/catl-unveils-ev-battery-with-one-charge-range-of-1-000-kms https://nymag.com/intelligencer/2022/06/why-ron-desantis-can-beat-trump-in-2024.html
Chapters
The hosts of the All In podcast reached a consensus on the partnership shares, agreeing to split it 25 percent each.
00:00 - 03:13 (03:13)
Summary
The hosts of the All In podcast reached a consensus on the partnership shares, agreeing to split it 25 percent each. They signed an agreement which governs the operations of the show and its offshoots.
EpisodeE84: Markets update, crypto collapse, Russia/Ukraine endgame, state of the podcast
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speaker demands a 1% additional equity and provides some humorous comments.
03:13 - 07:21 (04:08)
Summary
The speaker demands a 1% additional equity and provides some humorous comments. An all-in-sum invoice will be generated from J Cal each week and side grifts can be done from it.
EpisodeE84: Markets update, crypto collapse, Russia/Ukraine endgame, state of the podcast
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The US Treasury issues bonds to raise capital for spending programs, while the Federal Reserve's job is to maintain liquidity in the markets and provide cash to banks for lending to businesses.
07:21 - 33:08 (25:47)
Summary
The US Treasury issues bonds to raise capital for spending programs, while the Federal Reserve's job is to maintain liquidity in the markets and provide cash to banks for lending to businesses. Their long-term goal is to support economic growth while keeping inflation at two percent.
EpisodeE84: Markets update, crypto collapse, Russia/Ukraine endgame, state of the podcast
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
With consumer credit on the rise and capital availability predicted to decline by 75%, startups must adjust to a new reality where three to four years is the new runway.
33:08 - 52:09 (19:00)
Summary
With consumer credit on the rise and capital availability predicted to decline by 75%, startups must adjust to a new reality where three to four years is the new runway. As people face rising costs in daily living, ancillary markets that provide side hustles may not be as robust, leading to a need for more secure, stable income and possibly a return to traditional jobs.
EpisodeE84: Markets update, crypto collapse, Russia/Ukraine endgame, state of the podcast
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
With interest rates going up and negative real interest rates, people are pushing the envelope and seed funds are looking at multiples that they weren't considering previously.
52:09 - 59:33 (07:24)
Summary
With interest rates going up and negative real interest rates, people are pushing the envelope and seed funds are looking at multiples that they weren't considering previously. Early stage angel investors are now looking for higher returns on their investments and the price of technology platforms is being decoupled from real customers, usage, and use cases.
EpisodeE84: Markets update, crypto collapse, Russia/Ukraine endgame, state of the podcast
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The recent GameStop stock frenzy has made regulators more conscious of protecting retail investors and has brought up questions about insider trading and lack of regulation in the crypto market, potentially leading to more prosecution.
59:33 - 1:08:09 (08:35)
Summary
The recent GameStop stock frenzy has made regulators more conscious of protecting retail investors and has brought up questions about insider trading and lack of regulation in the crypto market, potentially leading to more prosecution.
EpisodeE84: Markets update, crypto collapse, Russia/Ukraine endgame, state of the podcast
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The episode discusses the use of sanctions in foreign policy and how it impacts relations between countries, with an example of Lithuania's recent action and Russia's reaction.
1:08:09 - 1:11:28 (03:19)
Summary
The episode discusses the use of sanctions in foreign policy and how it impacts relations between countries, with an example of Lithuania's recent action and Russia's reaction.
EpisodeE84: Markets update, crypto collapse, Russia/Ukraine endgame, state of the podcast
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Russia has won economically by adjusting its strategies and adapting to asymmetric warfare, where even tanks can be taken out with drones.
1:11:28 - 1:16:01 (04:32)
Summary
Russia has won economically by adjusting its strategies and adapting to asymmetric warfare, where even tanks can be taken out with drones. Those who were in favor of the proxy war were overly optimistic about its outcome and underestimated Russia's capability to adapt.
EpisodeE84: Markets update, crypto collapse, Russia/Ukraine endgame, state of the podcast
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The US's decision to stop trading in the securities of Russian companies led to the loss of $400 billion of market cap held by pension funds and retirement funds in the US and Europe, which was given to Russia for free.
1:16:01 - 1:20:27 (04:26)
Summary
The US's decision to stop trading in the securities of Russian companies led to the loss of $400 billion of market cap held by pension funds and retirement funds in the US and Europe, which was given to Russia for free. As the prices of Russia's gas and phosphate surged, and imports plunged under the weight of sanctions, their current account surplus tripled to 95.8bn in the first four months of the year.
EpisodeE84: Markets update, crypto collapse, Russia/Ukraine endgame, state of the podcast
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The United States needs to prioritize achieving energy independence and embracing alternative energy sources as key components of its national security strategy.
1:20:27 - 1:26:39 (06:12)
Summary
The United States needs to prioritize achieving energy independence and embracing alternative energy sources as key components of its national security strategy. Failure to do so could cause friction within the Western Alliance and open the door for China to gain more influence in international affairs.
EpisodeE84: Markets update, crypto collapse, Russia/Ukraine endgame, state of the podcast
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The concept of national identity and the longevity of a country's existence can greatly impact the way its citizens view themselves and their country, which can have political implications.
1:26:40 - 1:35:41 (09:00)
Summary
The concept of national identity and the longevity of a country's existence can greatly impact the way its citizens view themselves and their country, which can have political implications. Additionally, there may be a reckoning for the Democratic party after the upcoming election, which could lead to changes in leadership.
EpisodeE84: Markets update, crypto collapse, Russia/Ukraine endgame, state of the podcast
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The general electorate does not pick the candidates but the parties do, and they pick someone who has the best chance of winning in a specific state.
1:35:41 - 1:39:40 (03:58)
Summary
The general electorate does not pick the candidates but the parties do, and they pick someone who has the best chance of winning in a specific state. Progressive agenda may not change based on one midterm loss.
EpisodeE84: Markets update, crypto collapse, Russia/Ukraine endgame, state of the podcast
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speaker discusses negotiations with a business partner named J. Cal and how they had to convince him to act right in order to get the account set up and money transferred.
1:39:40 - 1:41:46 (02:05)
Summary
The speaker discusses negotiations with a business partner named J. Cal and how they had to convince him to act right in order to get the account set up and money transferred.