Tens of Millions Will Be Wiped Out | Chamath Palihapitiya

Tens of Millions Will Be Wiped Out | Chamath Palihapitiya

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Tens of Millions Will Be Wiped Out | Chamath Palihapitiya

Both traditional and crypto markets are showing weakness. The Dow suffered its longest losing streak since 2001. The crypto market has shown blood across the charts, with Terra Luna leading the way with a shocking fall from grace, causing panic throughout the rest of the market. The Federal Reserves' planned hike rates have begun a tightening by businesses (both small and large) and across all asset classes.

The economy and market at large experienced never-before-seen actions by the federal reserve for the better half of a decade, first with their quantitative easing experiment and then furthermore, with injecting money into the economy due to the effects of Covid lockdowns. This free money created inflated asset prices, employee resignations, and venture capital to behave recklessly. While many analysts and pundits are questioning if we will enter a recession, Billionaire Chamath Palihapitiya, venture capitalist and owner of the Golden State Warriors, took to this own podcast to explain that the party is over. Chamath explained that we aren’t just heading into a recession, but we are in a recession and there’s no end in sight to how long we will be here. And in reality, we haven’t even started to see the ramifications of what’s to come. This might not be the news many want to hear, but the harsh reality will allow many to tighten their own spending and prepare for what’s coming.
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THIS INTERVIEW WAS POSTED ON MAY 13, 2022
Listen to the full unedited interview here ⬇ [Credits] 🙏
E80: Recession deep dive: VC psychology, macro risks, Tiger Global, predictions and more
https://www.youtube.com/watch?v=ezOIBfZcwbQ
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🎵BACKGROUND MUSIC licensed through AudioJungle & Epidemic Sound

🎥FOOTAGE licensed through VideoBlocks and Filmpac, except parts about the topic that have been used under fair use.
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