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Tech Brew Ride Home

(Bonus) Who's Right About The Economy? Wall Street Or Silcon Valley? With Alex Wilhelm @alex

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.71K Ratings

🗓️ 18 April 2020

⏱️ 42 minutes

🧾️ Download transcript

Summary

I wasn’t supposed to do a weekend episode this weekend. I’ve got one scheduled for next week that I still need to record. But a few days ago, I saw Alex Wilhelm at TechCrunch tweet that he was doing a piece about why everyone in Silicon Valley and the VC world and the startup world still seem to be preparing for a nuclear winter, while the stock market has been roaring back to life, and I was like YES! I need to talk about that with somebody right now! I’m asking myself that question every day. It’s not that I’m rooting for a crash, it’s not that I want the economy to suffer, but everyone I know in the Tech world thinks we're in for a bad recession and yet… well, we get into all this. I needed to have this discussion with somebody right away, so forgive me if this is a little self indulgent, but join Alex and I as we ask the question: who’s right about the economy right now? Silicon Valley, or Wall Street? PS: This is Alex's piece I was referring to: As stocks recover, private investors aren't buying the hype Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to another weekend bonus episode of the Tech Mem Ride Home.

0:07.0

I'm Brian McCullough.

0:09.0

So I wasn't supposed to do a weekend bonus episode this weekend.

0:12.0

I've actually got one scheduled

0:14.0

for next week that I still need to actually book and then actually record but a few

0:19.3

days ago I saw Alex Wilhelm at Tech Crunch tweet that he was doing a piece this week asking why everyone

0:26.2

in Silicon Valley and the VC world and the startup world still seem to be preparing for nuclear

0:30.8

winter, while meanwhile the stock market seems to be roaring back

0:35.0

like nothing has really happened over the last two months.

0:39.4

And I was like, yes, I need to talk about that very thing. I need to talk with somebody about that right now

0:44.2

I'm asking myself that question every single day it's not that I'm rooting for a

0:49.2

crash it's not that I'm rooting against the economy want want people to suffer, anything like that.

0:54.4

But everyone I know in the tech world is convinced right now we're in for a really, really

0:59.1

bad recession. Everyone's hunkering down. And yet, the stock market. We'll get into all that on this

1:05.3

episode. I just needed to have this discussion with somebody right away so

1:08.6

forgive me if this one is a little self-indulgent. But join Alex and I as we sort of bat around the question.

1:16.1

Who's right about the economy right now? Silicon Valley or Wall Street.

1:21.6

Well let me start by saying that we're going to hopefully have a really speculative

1:26.0

high-level discussion about the global economy here and I'm pretty I know for a fact

1:30.4

I'm not qualified to have that kind of a discussion and maybe you aren't at the level that I'm aspiring to here either

1:36.7

So I think we're gonna caveat that guys at the top

1:41.7

But Alex look the reason we're talking is because on Twitter I saw

...

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