Biden chaos, Soft landing secured? AI sentiment turns bearish, French elections

(0:00) Bestie intros!
(4:29) Macro picture: Soft landing secured? Rate cut on the horizon? Partisan economic perception
(20:48) AI sentiment turns Bearish due to massive spend with little revenue
(40:51) A16Z's 20K GPU cluster
(46:41) Broad implications of France elections
(1:06:10) Hot swap update: President Biden holds firm as backers flee, chaos in the press corps, speed-run primary chances

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[khindani]

Sacks is by far the smartest and most articulate when it comes to politics. Friedberg is the scientist, and Chamath is the salesman

[Tunoi_Veil]

how the economy can be good when the prices are up 40-100% and the wages are pretty much the same?

[b.w.]

The system doesnt feel rigged. It is rigged.

[perthjc]

CPI dropped because they took 'coffee' out of the Manipulated.

[tonysilke]

I recently read an article about a man who identified AI stocks before the AI boom, highlighting the importance of information and insight. I believe AI is poised to enter a new phase, and I aim to position my $200k portfolio to capitalize on significant gains.

[Rojosi]

I appreciate Chamath’s optimism but sadly I agree with Friedberg’s initial thesis, there is an increasing rise in socialist sentiment here in Australia, a country consistently committed to social safety nets and legacy of governing from the centre. It is because younger generations are feeling left behind, along with ‘loud’ left voices maximising on the opportunity to push concerning ‘leftist’ ideology for greater centralised planning which is basically greater government control, weaker individual rights.

[michaelschiemer]

The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?

[BestCosmologist]

How can anyone discuss 2 & 3% inflation as if those are real numbers??

[HMuny]

Friedberg silently dipping out early is so Friedberg

[tracieschneider]

I don't need a chart to know if the economy is bad - I just look at my bank accounts and see that I can't afford my groceries or much of my life anymore. 🤦‍♀️

[JAM]

By the way, I am about to turn 77 years old and I still LOVE running my small software company. I fear the idea of full retirement. I need a purpose to get up and start the day and lying on the beach sounds boring after an hour of it. I think the greatest challenge we face is finding productive and positive work, hobbies, vocations, that keep people feeling relevant and productive much longer than our current norms dictate. Producing something valuable, either commercially or personally is the single greatest contributor to a healthy attitude. Chamath's comments about relative deprivation are spot on and are the result of an insidious and intentional effort to create unrest and division and to usher in the one world order where everybody will ultimately have nothing.

[Aedonius]

We pay a TRILLION PER YEAR IN INTEREST and Nobody asks where that money goes?
We are watching the worlds greatest heist occur.

[jeffanderinkillmer]

Chamath made a really profound comment to me. We as a society should just slow down and appreciate what we have. That really struck me.

[raviramanathan]

Sachs hit the nail in the analysis of French results. Same thing happened in Indian elections too. It's 1 vs all the others combined, rigging of the candidates, cross voting etc. But it's democracy - all is fair and only results matter at the end of the day!

[jmebig]

Groceries are up like 200-400% not 30%. I don’t even know how they do these calculations

[melw]

As a European I 100% agree with Sacks on France.

[russelltakemoto]

Love the pod! Wait all week. You all have taught me a lot. Tech, business, economy, politics, science…. But mostly how to have a good time with friends who may not all agree.

laissez le bon temps rouler.

[Nordien]

Biden welcomed Putin instead of Zelensky to the NATO summit, and in the Big Boy Meeting he mentioned Trump as VP.

[DCo]

When you look at the French election, that gives you the Good reason for our Electoral College to prevent what Macron did.

[scottkatibian]

When I hear billionaires say the economy is good I feel sick.

When it cost $100 for 5 things at the grocery store the economy is dog shit.