Dec 11, 21 | 01:21:03
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