E51: Supply Chain Shortages, Inflation, DeSantis, Ted Sarandos Netflix Memo, Cancel Culture, Fan Q&A
- Oct 15, 2021
- 1:33:25
- Full Episode
Show Notes: 00:00 Cold Open 01:19 Bestie banter & poker recap 04:24 Supply chain challenges in Los Angeles 8:53 The Fed, interest rates and inflation 34:04 Geopolitical storm-clouds, deflationary tools 43:11 Why Sacks is hosting a fundraiser for Florida Governor DeSantis 47:00 Ted Sarandos responds to Netflix employees, 55:31 Cancel culture’s lifespan, book recommendations 1:02:34 Tether 01:08:24 The FDA’s new ruling on Aspirin, what this means for science 01:23:27 Fan Question 1 from Daniel on Twitter about Alphafold 01:27:08 Fan Question 2 from Maddie on Twitter about career advice
Follow the besties: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg
Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast
Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg
Intro Video Credit: https://twitter.com/TheZachEffect
Referenced in the show: Statista - The U.S. Car Models Most Impacted By The Microchip Shortage https://www.statista.com/chart/24969/vehicles-taken-out-of-production-due-to-microchip-shortages
Zack Kanter on Twitter - "The “supply chain crisis” is a clever rebrand" https://twitter.com/zackkanter/status/1447376938805432321
Naithan Jones on Twitter - NFTs https://twitter.com/NaithanJones/status/1448989717756850179
Daily Breeze - No start date for 24/7 operations at Port of LA https://www.dailybreeze.com/2021/10/14/no-timetable-yet-for-port-of-las-24-7-operations-but-talks-ramping-up-officials-say/
LA Daily News - Port of LA to go to 24/7 operations, Biden announces https://www.dailynews.com/2021/10/13/biden-to-announce-that-ports-of-la-long-beach-will-begin-24-hour-operation/
Nikkei Asia - TSMC announces plans to build first chip plant in Japan https://asia.nikkei.com/Business/Tech/Semiconductors/TSMC-announces-plans-to-build-first-chip-plant-in-Japan
St. Louis Fed - Total Public Debt as Percent of Gross Domestic Product https://fred.stlouisfed.org/series/GFDEGDQ188S
Forbes - Druckenmiller Blasts Fed’s ‘Radical’ Stimulus Policy https://www.forbes.com/sites/jonathanponciano/2021/05/11/billionaire-investor-druckenmiller-blasts-feds-radical-stimulus-policy-warns-it-risks-stock-bubble-blowing-up/?sh=2a9866e82fe8
David Sacks on Twitter - Desantis Dinner https://twitter.com/DavidSacks/status/1447780027110617089
Variety - Ted Sarandos Doubles Down https://variety.com/2021/film/news/ted-sarandos-dave-chappelle-defense-1235088647/
The Light of Other Days by Arthur C. Clarke https://www.amazon.com/Light-Other-Days-Arthur-Clarke/dp/0312871996
CFTC Orders Tether and Bitfinex to Pay Fines Totaling $42.5 Million https://www.cftc.gov/PressRoom/PressReleases/8450-21
NBC - Most adults shouldn't take daily aspirin https://www.nbcnews.com/health/heart-health/adults-shouldnt-take-daily-aspirin-prevent-heart-attack-panel-says-rcna2869
Botched - Man Wins $100,000 Breast Implants Bet! https://www.youtube.com/watch?v=626ZaH9ZuPs
Audience Question 1 - Daniel on Twitter, Alphafold https://twitter.com/daniel_nelis/status/1449055005181415424?s=20
Audience Question 2 - Maddie on Twitter, Career advice https://twitter.com/Maddiechavs/status/1448863457965531146?s=20
Brief Summary
The episode discusses poker, inflation, supply chain issues, and the economy with insights from David Sacks, Chamath Palihapitiya, and David Friedberg.
Key points
- Poker Game Ups and Downs. The hosts discuss their poker game results, revealing highs and lows of gambling.
- Labor Shortage and Inflation. Discussion on the labor shortage and its impact on wages and inflation.
- Supply Chain Disruptions. Businesses are integrating their supply chains to combat disruptions and inflationary risks.
- The Impact of Inflation. Inflation is at a 5.1% rate, the highest since the late 70s, raising concerns about economic stability.
- Fragility in the Economy. The economy is described as fragile, with potential crises looming on the horizon.
- Immigration and Labor Market. The discussion revolves around how immigration could address labor shortages in low-income jobs.
Episode highlights
- Poker Game Ups and DownsThe hosts discuss their poker game results, revealing highs and lows of gambling.“How'd you do? I didn't okay, oh oh oh okay.”0:36Oct 15, 2021
- Labor Shortage and InflationDiscussion on the labor shortage and its impact on wages and inflation.“I think inflation is here, the labor shortage is going to get worse.”20:11Oct 15, 2021
- Supply Chain DisruptionsBusinesses are integrating their supply chains to combat disruptions and inflationary risks.“Companies become more resilient; they build their own factories.”24:49Oct 15, 2021
- The Impact of InflationInflation is at a 5.1% rate, the highest since the late 70s, raising concerns about economic stability.“We're at something like a 5.1 percent inflation rate; the highest since the late 70s.”27:30Oct 15, 2021
- Fragility in the EconomyThe economy is described as fragile, with potential crises looming on the horizon.“We are in like full fragility here; a tray full of champagne glasses on a boat.”34:21Oct 15, 2021
- Immigration and Labor MarketThe discussion revolves around how immigration could address labor shortages in low-income jobs.“We need a point-based system for immigration like other countries do.”40:59Oct 15, 2021
- Chappelle's Special and Cancel CultureA deep dive into the implications of Dave Chappelle's special and Netflix's response to backlash.“I don't think he is going to survive, but here's what goes beyond this.”47:51Oct 15, 2021
- The Rise of NetflixNetflix's dominance in content production is reshaping Hollywood.“They're already the largest media company in the world.”1:01:44Oct 15, 2021
