E58: November's CPI, preparing for a downturn, macro outlook, Better.com's botched layoffs & more

<p>0:00 Bestie Intro: Chamath's happy hour and sweater feud</p> <p>7:11 Breaking down the new 6.8% CPI number, reflecting on old inflation takes, jobs report, understanding why CPI is misleading</p> <p>23:05 How growth stocks got overblown, current valuation outlook, government as capital allocators</p> <p>40:12 Deficit trouble: will another president ever try and balance the budget? Areas of positivity in the economy</p> <p>50:29 Better.com's botched layoffs, impact of overcapitalization, macro outlook for founders</p> <p>1:11:16 Lessons from the Jussie Smollett saga</p> <p>Follow the besties:</p> <p><a href= "https://twitter.com/chamath">https://twitter.com/chamath</a></p> <p><a href= "https://linktr.ee/calacanis">https://linktr.ee/calacanis</a></p> <p><a href= "https://twitter.com/DavidSacks">https://twitter.com/DavidSacks</a></p> <p><a href= "https://twitter.com/friedberg">https://twitter.com/friedberg</a></p> <p>Follow the pod:</p> <p><a href= "https://twitter.com/theallinpod">https://twitter.com/theallinpod</a></p> <p><a href= "https://linktr.ee/allinpodcast">https://linktr.ee/allinpodcast</a></p> <p>Intro Music Credit:</p> <p><a href="https://rb.gy/tppkzl">https://rb.gy/tppkzl</a></p> <p><a href= "https://twitter.com/yung_spielburg">https://twitter.com/yung_spielburg</a></p> <p>Intro Video Credit:</p> <p><a href= "https://twitter.com/TheZachEffect">https://twitter.com/TheZachEffect</a></p> <p>Referenced in the show:</p> <p><a href= "https://www.cnbc.com/2021/12/10/consumer-price-index-november-2021.html"> https://www.cnbc.com/2021/12/10/consumer-price-index-november-2021.html</a></p> <p><a href= "https://www.bls.gov/opub/ted/2021/consumer-prices-increase-6-2-percent-for-the-year-ended-october-2021.htm"> https://www.bls.gov/opub/ted/2021/consumer-prices-increase-6-2-percent-for-the-year-ended-october-2021.htm</a></p> <p><a href= "https://www.marketwatch.com/story/what-powell-must-do-next-after-admitting-that-he-was-wrong-about-transitory-inflation-11638460995"> https://www.marketwatch.com/story/what-powell-must-do-next-after-admitting-that-he-was-wrong-about-transitory-inflation-11638460995</a></p> <p><a href= "https://www.cnn.com/2021/01/27/economy/inflation-federal-reserve-janet-yellen/index.html"> https://www.cnn.com/2021/01/27/economy/inflation-federal-reserve-janet-yellen/index.html</a></p> <p><a href= "https://www.nytimes.com/2021/03/22/opinion/us-inflation-stimulus.html"> https://www.nytimes.com/2021/03/22/opinion/us-inflation-stimulus.html</a></p> <p><a href= "https://www.nytimes.com/2021/03/10/business/economy/inflation-markets-federal-reserve.html"> https://www.nytimes.com/2021/03/10/business/economy/inflation-markets-federal-reserve.html</a></p> <p><a href= "https://www.axios.com/inflation-consumers-survey-1932e8d0-b01b-4c39-8fb4-4fdb9a96958d.html"> https://www.axios.com/inflation-consumers-survey-1932e8d0-b01b-4c39-8fb4-4fdb9a96958d.html</a></p> <p><a href= "http://cdn.cnn.com/cnn/2021/images/12/10/cbo.report.on.build.back.better.pdf"> http://cdn.cnn.com/cnn/2021/images/12/10/cbo.report.on.build.back.better.pdf</a></p> <p><a href= "https://www.politico.com/newsletters/playbook-pm/2021/11/10/does-the-wh-owe-larry-summers-an-apology-495052"> https://www.politico.com/newsletters/playbook-pm/2021/11/10/does-the-wh-owe-larry-summers-an-apology-495052</a></p> <p><a href= "https://www.cnbc.com/2021/12/03/jobs-report-november-2021.html">https://www.cnbc.com/2021/12/03/jobs-report-november-2021.html</a></p> <p><a href= "https://twitter.com/BillAckman/status/1469438745791410183">https://twitter.com/BillAckman/status/1469438745791410183</a></p> <p><a href= "https://www.cnbc.com/2021/06/10/stanley-druckenmiller-fed-lulling-investors-into-false-sense-of-security.html"> https://www.cnbc.com/2021/06/10/stanley-druckenmiller-fed-lulling-investors-into-false-sense-of-security.html</a></p> <p><a href= "https://www.businessinsider.com/congress-progressives-back-bill-4-day-workweek-remote-work-2021-12"> https://www.businessinsider.com/congress-progressives-back-bill-4-day-workweek-remote-work-2021-12</a></p> <p><a href= "https://youtu.be/-_wvTa8aiu8">https://youtu.be/-_wvTa8aiu8</a></p> <p><a href= "https://www.thebalance.com/deficit-by-president-what-budget-deficits-hide-3306151"> https://www.thebalance.com/deficit-by-president-what-budget-deficits-hide-3306151</a></p> <p><a href= "https://twitter.com/Jason/status/1469370800771715073">https://twitter.com/Jason/status/1469370800771715073</a></p> <p><a href= "https://www.forbes.com/sites/davidjeans/2020/11/20/mortgages-fraud-claims-and-dumb-dolphins-a-tangled-past-haunts-bettercom-ceo-vishal-garg/?sh=6ed46a0110f4"> https://www.forbes.com/sites/davidjeans/2020/11/20/mortgages-fraud-claims-and-dumb-dolphins-a-tangled-past-haunts-bettercom-ceo-vishal-garg/?sh=6ed46a0110f4</a></p> <p><a href= "https://youtu.be/pXLx5OY21Bk">https://youtu.be/pXLx5OY21Bk</a></p> <p><a href= "https://youtu.be/wZXoErL2124">https://youtu.be/wZXoErL2124</a></p>