2025 Predictions with bestie Gavin Baker

5463.291 - 5497.084 Chamath Palihapitiya

I think that there are a handful of, not to overuse an overused term, but canaries in the coal mine for the end of the deep state. And I would like to point to one, which is this obscure thing called the supplemental loss ratio. And essentially what it is, is a mechanism that the banks can use to include or not include treasuries and how they calculate reserves, et cetera, et cetera.