"This Market Is Going To Last Longer Than We Think" | Chamath Palihapitiya

"This Market Is Going To Last Longer Than We Think" | Chamath Palihapitiya

We have watched with attention the new video of Only The SAVVY which is available on Youtube since March 4, 2023 and we think that it could catch the interest of many Internet users...

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For your information, you can find below the description of the video "This Market Is Going To Last Longer Than We Think" | Chamath Palihapitiya published by the Youtube channel Only The SAVVY:

The story of 2022 heading into 2023 was the federal reserve hike rate and the “soft-landing” after record high inflation swept across America, hitting everyone at the gas tank, supermarket and what feels like every other basic necessity. Many experts and pundits predicted a disastrous landing, but many news outlets are reporting differently. Axois.com recently released an article “Why rate hikes haven't affected the economy more”, in which they pointed to the lowest unemployment rate in five decades. The Wall Street Journal reported a similar economic update in their piece “The World Economy Is Doing Well—This Is Bad News for Central Bankers”. The Wall Street Journal stated;

In the U.S., inflation firmed and Americans’ spending and income surged in January, according to the Commerce Department. The Fed’s preferred inflation gauge—the personal-consumption expenditures price index—rose 5.4% in January from a year earlier, while U.S. consumers’ spending jumped a seasonally adjusted 1.8% in January from December, the largest increase in nearly two years. Wages and salaries grew 0.9% in January, more than twice as fast as in the prior month.

In his “All-In Podcast” Investor and Billionaire Chamath Palihapitiya expressed his concern for the manipulation of the real data – from Wall Street's earnings to the stimulus going into the consumers pockets. Chamath believes we will be in a high inflation environment longer than the Fed and mainstream media is leading us on to believe but as long as we know this will last longer than expected, then we can properly prepare.
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