Buffett

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

Buffett, Kamala, Walz, Chamath, Friedberg, Jason Calacanis, David Sacks

Following a Bank of Japan interest rate hike that triggered a $20 trillion unwind of the yen carry trade and caused significant global equity losses, the central bank paused further tightening to stabilize markets amid growing concerns over US debt sustainability and a likely recession. Simultaneously, Berkshire Hathaway reduced its Apple concentration by over half while a federal court ruled Google maintained an illegal search monopoly, prompting debates over potential structural remedies and political bias in search results. The episode also examined the strategic risks of Kamala Harris selecting Tim Walz as her vice-presidential running mate and the ongoing controversies surrounding the 2024 US election landscape.