July 14 2023
- Besties argue about previous weekend’s pod
- Inflation cools
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Larry Summers speaking at AIS2023!
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Structural longer term trends - some believe like Summers that rates will be higher for longer than people think
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When to pivot from safer assets into equities? Maybe in the next 12-18 months - will have to figure it out
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Chamath thinks the market has hit the bottom now and its time for markets to go up
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Market is pricing in a soft landing
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People are getting in their last hurrah
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Nice chart explaining how to think about this
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Disney wait times have gone down now
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Interest rates on car loans have gone up in the last year
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Used car pricing in the last month has declined 4.2%
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- Ripple gets big win in SEC case
- Huge vindication for them
- XRP is ripping 25-35%
- Huge egg in the face for SEC
- Whole crypto market is ripping now
- Brad Garlinghouse, CEO of Ripple is happy
- US court system is not kowtowing to administration and doing their job
- Microsoft Activision approved
- Lina Khan losing streak continues
- FTC thinks of themselves as a hammer and every deal by big tech is a nail
- This emotional reactivity takes away faith that this org is well run and sober
- Maybe these companies have too much power
- YouTube took down a video of Jordan Peterson interviewing RFK Jr
- They have tremendous market power
- Common carrier standard
- Who gives them this power?
- YouTube took down a video of Jordan Peterson interviewing RFK Jr
- She could be the worst modern day FTC head
- She is just an inexperienced academic - weakening the institution
- They are just going after companies they don’t like instead of doing their job of regulation
- She should go after dark patterns - like being able to sign up for WSJ online but have to call someone to cancel
- EV supply demand mismatch
- 80% of new cars are financed and interest rates on car loans have doubled
- Tesla reduced prices so hit their margins but got more volume
- BRICS countries are very big now - they have passed the G7 based on GDP
- At least on PPPs
- Are growing faster too
- AIS 2023
- Toby Lutke
- Stephen Wolfram
- Mr Beast
- Lots of others
- Parties
- The bestie who loved me - James Bond theme - tuxedo, white bowtie, etc
- Bestie Club - breakfast club, 80s
- The Rave - go late - Bestie Runner - Blade Runner, Cyberpunk, rave outfit
- NATO
- Turkey allows Sweden to join NATO
- Ukraine not happy
- Ben Wallace, UK secretary of Defense was also complaining about Ukraine/Zelenskyy’s lack of gratitude towards alliance
- US spends $800B/year on defense and we might be out of ammunition be
- How incompetent does our Military Industrial Complex have to be?
- Silicon Valley’s anti-supporting the military should be re-examined
- We have hollowed out our classic industrial production
- US will take 5 years to hit 85K shells per month production
- So US is violating international law and sending cluster munitions to Ukraine
- (US hasn’t signed the treaty)
- Finland also joined NATO
- Apparent cost of accepting Ukraine into NATO would be $2T to prepare for counter measures from Russia
- NATO is a business, the more countries that join NATO, the more money that the MIC makes - but it also means that more of our sons and daughters are sacrificed 😟
- New paper on reversing cellular aging
- Yamanaka factors
- Combinatorial screen
- Used different medicine cocktails (found 6 different ones)
- Reversed aging of cells
- Could take pills, creams that reverse aging, remove wrinkles, etc
- Multiple teams are having breakthroughs on this work
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