Markets turn Trump, Long rates spike, Election home stretch, Influencer mania, Saving Starbucks

2897.569 - 2916.112 Chamath Palihapitiya

And that's exactly what we've seen coming out of COVID. And I said it here a couple of years ago. I think the earnings are going to do well because people have this other lever and they can just turn the dial and reduce spending and increase earnings. And it's like, oh, that's painful. But it's not so painful that it's not worth doing. And so corporations have gotten religion.