Jack
👤 PersonAppearances Over Time
Podcast Appearances
The interest rate on the 30-year U.S. government bond hit 5%. That's up from just 4% in September. Which means it'll now cost us more to borrow money through bonds. To sprinkle on some more context, 5% for the U.S., that's nearly twice as much as what investors charge Germany for their debt. So, Jack, how about we go back to our credit card analogy with American Express for a second?
Investors are still raising America's credit limit, but this time they're charging a higher interest rate. Now, besties, if these interest rates continue rising on our bonds, just paying our interest that we owe could require spending cuts and tax increases from Congress. Investors are treating the U.S. as no longer the most creditworthy country in the world.
Investors are still raising America's credit limit, but this time they're charging a higher interest rate. Now, besties, if these interest rates continue rising on our bonds, just paying our interest that we owe could require spending cuts and tax increases from Congress. Investors are treating the U.S. as no longer the most creditworthy country in the world.
Investors are still raising America's credit limit, but this time they're charging a higher interest rate. Now, besties, if these interest rates continue rising on our bonds, just paying our interest that we owe could require spending cuts and tax increases from Congress. Investors are treating the U.S. as no longer the most creditworthy country in the world.
So the one thing that could actually fix our debt addiction, what is it, Jack? If the world starts making us pay for it. Now, a quick word from our sponsor.
So the one thing that could actually fix our debt addiction, what is it, Jack? If the world starts making us pay for it. Now, a quick word from our sponsor.
So the one thing that could actually fix our debt addiction, what is it, Jack? If the world starts making us pay for it. Now, a quick word from our sponsor.
For our third and final story, the fastest growing startup right now specializes in shutting down startups. Because get this, for every 10 new startups formed, nine startups fail. Which is an opportunity for another startup.
For our third and final story, the fastest growing startup right now specializes in shutting down startups. Because get this, for every 10 new startups formed, nine startups fail. Which is an opportunity for another startup.
For our third and final story, the fastest growing startup right now specializes in shutting down startups. Because get this, for every 10 new startups formed, nine startups fail. Which is an opportunity for another startup.
We'll explain, but yet he's to sprinkle on some initial context. 10 years ago, the WeWork era, masa. What were we seeing, Jack? Free kombucha, three meals a day catered, free kombucha for your dog, who also gets health benefits. It was a venture-backed party for your puppies. But today, it is a different world out there for startups, isn't it, Jack? You have to have a budget. You have to have...
We'll explain, but yet he's to sprinkle on some initial context. 10 years ago, the WeWork era, masa. What were we seeing, Jack? Free kombucha, three meals a day catered, free kombucha for your dog, who also gets health benefits. It was a venture-backed party for your puppies. But today, it is a different world out there for startups, isn't it, Jack? You have to have a budget. You have to have...
We'll explain, but yet he's to sprinkle on some initial context. 10 years ago, the WeWork era, masa. What were we seeing, Jack? Free kombucha, three meals a day catered, free kombucha for your dog, who also gets health benefits. It was a venture-backed party for your puppies. But today, it is a different world out there for startups, isn't it, Jack? You have to have a budget. You have to have...
Profit targets, profit deadlines, no more free sushi Fridays. It's now BYO sushi. Oh, honey, get the salmon out of the fridge. But Yetis, there is one startup that ironically we notice does better as every other startup does worse. It's called Simple Closure. And they're basically thinking of themselves as the TurboTax of shutting down. And they just raised 15 million bucks to shut down startups.
Profit targets, profit deadlines, no more free sushi Fridays. It's now BYO sushi. Oh, honey, get the salmon out of the fridge. But Yetis, there is one startup that ironically we notice does better as every other startup does worse. It's called Simple Closure. And they're basically thinking of themselves as the TurboTax of shutting down. And they just raised 15 million bucks to shut down startups.
Profit targets, profit deadlines, no more free sushi Fridays. It's now BYO sushi. Oh, honey, get the salmon out of the fridge. But Yetis, there is one startup that ironically we notice does better as every other startup does worse. It's called Simple Closure. And they're basically thinking of themselves as the TurboTax of shutting down. And they just raised 15 million bucks to shut down startups.
Here's the business model. They take a fee to help that direct-to-consumer diaper business that was launched in college and didn't work out. So their software handles the regulatory process, the legal filings, the investor communications of dissolving a company. It's like a divorce lawyer or a funeral home. It's an undertaker that lets the business pass away with dignity.
Here's the business model. They take a fee to help that direct-to-consumer diaper business that was launched in college and didn't work out. So their software handles the regulatory process, the legal filings, the investor communications of dissolving a company. It's like a divorce lawyer or a funeral home. It's an undertaker that lets the business pass away with dignity.
Here's the business model. They take a fee to help that direct-to-consumer diaper business that was launched in college and didn't work out. So their software handles the regulatory process, the legal filings, the investor communications of dissolving a company. It's like a divorce lawyer or a funeral home. It's an undertaker that lets the business pass away with dignity.
Because, besties, you can't just bury that balance sheet. The assets must be given a proper distribution ceremony. And if you screw up the dissolving of a company... Lawsuit!