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The Low-Key Recession the headline numbers might not say recession, but if you dig a little deeper, it's there. chamath breaks it down: 1) nonfarm jobs added and GDP have each been revised down this year -- "Right now, we're in this trend where we are overestimating, and revising down." 2) cyclical businesses are telling us demand isn't there -- most recently, Airbnb dropped ~15% after reporting a demand slowdown chamath's take: "I think we're in a recession. It probably becomes more obvious in Q3 and Q4." "And so Powell's going to have to cut." "The question is, will he overreact to the pressure and cut 75-100 (bps) versus 25 and take it slow?" #tiktok #economy #jobs #jobmarket #hiring #tech #startups #gdp #data #economics #finance #market #stocks #stockmarket #news #clips #podcast #podcastclips
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