Jussie Smollett

E58: November's CPI, preparing for a downturn, macro outlook, Better.com's botched layoffs & more

Chamath, Calacanis, Friedberg, Jussie Smollett, David Sacks

Prominent investors and analysts debated the accelerating 6.8% inflation and structural labor shortages at an event featuring Bill Ackman, Chamath Pillay, and Jay Calacanis, who criticized the federal government's fiscal mismanagement and the inefficiency of current capital allocation models. The discussion highlighted the sharp correction in tech valuations and the fallout from corporate missteps like the Better.com layoffs as evidence of a shifting market environment driven by rising interest rates. Looking ahead, the panelists offered diverging forecasts on whether the economy faces a soft landing or a prolonged slide while identifying the creator economy as a potential source of new employment opportunities.