Yen Carry Trade, Recession odds grow, Buffett cash pile, Google ruled monopoly, Kamala picks Walz

2104.885 - 2130.647 Chamath Palihapitiya

I'd say, again, within hedge funds, professional investors, public market investors, it had been very sudden that people were now very worried about the risk of a recession. And I do think that the Airbnb revenue that Chamath cited is a big factor. Airbnb stock went down 15% in one day on soft demand. And what's driving all of this is consumer weakness, or at least fear of consumer weakness.