4.2 • 7.1K Ratings
🗓️ 4 February 2023
⏱️ 73 minutes
🧾️ Download transcript
(0:00) Bestie intro!
(1:15) Macro picture update: 0.25% raise, jobs rip up, wage growth continues to slow
(17:52) Interest rates impact on mega-cap company creation
(33:58) Mass extinction event coming to startups, reckoning for VCs, venture debt issues
(1:02:33) Adani's potential fraud, role of short sellers
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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.washingtonpost.com/business/2023/02/03/january-jobs-labor-market
https://www.wsj.com/articles/fed-approves-quarter-point-rate-hike-signals-more-increaseslikely-11675278190
https://fred.stlouisfed.org/series/CIVPART
https://www.ustreasuryyieldcurve.com
https://www.amazon.com/Intelligent-Investor-Definitive-Investing-Essentials/dp/0060555661
https://chamathreads.substack.com/p/higher-rates-will-lead-to-the-next
https://www.google.com/finance/quote/META:NASDAQ
https://www.freightwaves.com/news/fedex-to-cut-global-officer-director-workforce-by-at-least-10
https://www.theverge.com/2023/1/27/23574322/zuckerberg-puts-metas-middle-managers-on-notice
https://twitter.com/tomloverro/status/1620466827519496194
https://twitter.com/msuster/status/1620653106387386368
https://twitter.com/gradypb/status/1620937502248034304
https://www.axios.com/2023/02/01/david-cahn-leaves-coatue-for-sequoia-capital
https://www.google.com/finance/quote/ADANIENT:NSE?window=1Y
https://hindenburgresearch.com/adani
Click on a timestamp to play from that location
0:00.0 | All right, everybody. Welcome to the All in Podcast. We're back. Thanks to Freeberg and Saks |
0:05.6 | for moderating the show into the lowest ratings in its history. Hold on, hold on. Please |
0:14.7 | give the keyboard warriors that are their bot armies some respite here. They tried their best. |
0:19.6 | It just did. It's okay. I think the ratings the last episode must be a result of Google |
0:24.9 | down-ranking us as a result of our honesty about not wanting to get more boosters. |
0:30.8 | Saks, you're on the Brigadountra. You call us somebody at Google, some lower level |
0:34.4 | functionary to push a button to shadowbait. I mean, visibility filter us. |
0:39.4 | It's everything except the moderation skills of the two days. No way it's the moderator |
0:43.1 | turning it into Fox Sunday. The reaction I got from our COVID vaccine discussion was, |
1:05.4 | hey, pretty fair imbalance, like not in a joking way, but actually like the warning on YouTube |
1:10.6 | was pretty benign actually. If you want COVID information click here, thank you. |
1:14.8 | Let's talk about the market data. The Fed raised 25 basis points. The market obviously has ripped |
1:19.9 | since then the jobs data this morning was crazy. We added 517,000 jobs more than 2X December |
1:30.4 | and well above the estimates of 188,000 jobs. The Fed, I think, is starting to realize |
1:36.5 | they can have obviously impact inflation and slow down speculative assets, but they're having |
1:42.9 | a very hard time with the labor market. Obviously labor participation actually is growing. |
1:48.4 | We've talked about that many times here. It's bumped up to 62.4%. We all know it peaked at like |
1:53.6 | maybe 69% during the 2000 time period. Weijero though continuing to slow. So that is some good news there. |
2:02.4 | Obviously, risk on assets are ripping the last couple of days. Tremont, which your take on where we |
2:08.7 | are with the market and the Fed's action, which people are starting to believe will be another 25 |
2:14.4 | basis point hike and then maybe staying high for the rest of the year. Did you hear their comments? |
2:20.6 | You think Dovish, which your take on the market? I watched Powell's speech and it was really amazing |
... |
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