Jerry Murdock

speaker

1,795 appearances 3 recordings 2 series first heard Feb 2026 last heard 22 Aug

Jerry Murdock’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 3 in all, peaking in Feb 2026 with 2.

Appearances

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The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch · 20VC: The AI Bubble Will Burst: Half the Neoclouds Will Die | China: Should We Ban Chip Exports & Be Fearful of Chinese Open-Source | Mag7: Who Dies and Who Thrives: Why Meta is Meh and Microsoft is Mega · 22 Aug 2026 podcast

So this is the second time the U.S.

has bailed out the yen.

And why are they bailing out Japan?

That's because Japan holds a trillion dollars in treasuries.

And if they have to unwind that, if they sell 100 billion worth of treasuries, the market could absorb it.

But if they sold 300 billion worth of treasuries, a third, in order to be able to buy dollars to support the yen, we would have a real problem on our hands immediately, an immediate global problem.

So I do a lot of backcountry skiing, and you recognize the avalanche conditions when they're worse or they're better, and you recognize things can be just easily tipped over.

And so the war in Iran, if it gets really ugly, which it hasn't yet, if things collapse and inflation comes back, these are disruptors, all of multiple different opportunities for disruption,

I think you just saw that the free cash flow is the lowest it's ever been in the history of the company, number one.

Number two, back in the dot-com bubble, there was a lot of fiber that got laid in the ground and that fiber was always valuable.

But the companies that laid the fiber and stuff, they all went bankrupt.

So when you're really heavily dependent on debt and there's a dislocation, the underlying value of the asset declines.

It may not decline forever, but it declines pretty sharply in a very short period of time.

And that's when you have margin calls.

That's the way it goes.

Well, I mean, look, people are making decisions on the risk that they see to their business.

If there is a dislocation, no one is better prepared to survive it than hyperscalers.

I mean, all the hyperscalers have enough ongoing business and they've been very consistent.

That's why they're worth what they're worth.

The Magnificent Seven is there because they've been doing this for a long time.

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