E58: November's CPI, preparing for a downturn, macro outlook, Better.com's botched layoffs & more
All-In with Chamath, Jason, Sacks & Friedberg
All-In Podcast, LLC
4.0 • 10.4K Ratings
🗓️ 11 December 2021
⏱️ 81 minutes
🧾️ Download transcript
Summary
0:00 Bestie Intro: Chamath's happy hour and sweater feud
7:11 Breaking down the new 6.8% CPI number, reflecting on old inflation takes, jobs report, understanding why CPI is misleading
23:05 How growth stocks got overblown, current valuation outlook, government as capital allocators
40:12 Deficit trouble: will another president ever try and balance the budget? Areas of positivity in the economy
50:29 Better.com's botched layoffs, impact of overcapitalization, macro outlook for founders
1:11:16 Lessons from the Jussie Smollett saga
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Intro Music Credit:
https://twitter.com/yung_spielburg
Intro Video Credit:
https://twitter.com/TheZachEffect
Referenced in the show:
https://www.cnbc.com/2021/12/10/consumer-price-index-november-2021.html
https://www.cnn.com/2021/01/27/economy/inflation-federal-reserve-janet-yellen/index.html
https://www.nytimes.com/2021/03/22/opinion/us-inflation-stimulus.html
https://www.nytimes.com/2021/03/10/business/economy/inflation-markets-federal-reserve.html
https://www.axios.com/inflation-consumers-survey-1932e8d0-b01b-4c39-8fb4-4fdb9a96958d.html
http://cdn.cnn.com/cnn/2021/images/12/10/cbo.report.on.build.back.better.pdf
https://www.cnbc.com/2021/12/03/jobs-report-november-2021.html
https://twitter.com/BillAckman/status/1469438745791410183
https://www.businessinsider.com/congress-progressives-back-bill-4-day-workweek-remote-work-2021-12
https://www.thebalance.com/deficit-by-president-what-budget-deficits-hide-3306151
Transcript
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| 0:00.0 | Actually, the funny story from the from our Basel. So I was hanging with with Jake |
| 0:05.0 | Howe and we're talking to people. Yep. And for some reason, Jake Howe has been nice to me |
| 0:10.0 | And he said to people he said, you know what this guy is? This guy is a legend in Silicon Valley |
| 0:15.0 | You know he introduces me. Yeah, and then I said to Jason, I'm like, you know |
| 0:19.0 | This is people and he who just sold like $260 million like NFTs. I'm like, this guy's a legend too. |
| 0:25.0 | And without missing a beat, Jake Howe says, well, maybe for the next year. |
| 0:30.0 | What? |
| 0:31.0 | What? |
| 0:34.0 | What? Your winner's ride. |
| 0:37.0 | Rainman David. |
| 0:41.0 | And it said we open source into the hands of an age of just going to be easy with him. |
| 0:45.0 | Love you guys. |
| 0:46.0 | I'm queen of queen. |
| 0:47.0 | What? |
| 0:48.0 | What? |
| 0:49.0 | Hey, everybody. Welcome to episode 58 of the All in podcast. Yes. |
| 0:54.0 | The podcast. I don't know if you guys have been watching. I'm drinking boys. I'm drinking. |
| 0:59.0 | Well, it's Friday. We're filming late on a Friday. You can tell from the backyard |
| 1:04.0 | Behind the mouth that it's the evening and he's cracked open a little something something |
| 1:09.0 | Little little little delishy boobs. |
| 1:12.0 | Oh, Bond. |
| 1:13.0 | 2002, St. Eden. |
... |
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