Big Fed rate cuts, AI killing call centers, $50B govt boondoggle, VC's rough years, Trump/Kamala

1006.382 - 1032.884 Chamath

and kind of broken when short rates go above long rates the yield curve inverts and it's always been the prelude to a recession but the recession doesn't come when the yield curve inverts it usually comes when the yield curve D inverts and the reason for that is because the Fed now sees weakness and dramatically cuts the short rates so in other words it jacks up the short rates to control inflation that works it trickles through the economy the economy cools down and