Max Levchin
speaker
2,264 appearances
5 recordings
3 series
first heard Feb 2025
last heard 13 May
Max Levchin’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 3 in all, peaking in Feb 2026 with 2.
Appearances
And so Diet Coke is rapidly going out of stock.
And so you need to load up if you're prepared.
I have not actually gotten any.
I'm not stockpiling Diet Coke yet.
But who knows?
Maybe prices go up.
That's what inflation represents.
And Wall Street is getting more anxious about it.
So we can read through this quickly before we are joined by Max Levchin from Affirm.
So, surging energy prices have pushed investors' inflation expectations to multi-year highs.
Tuesday's hot readout on consumer prices is intensifying Wall Street's anxiety about inflation.
Even before the latest release of the Consumer Price Index, inflation expectations had been climbing, a potential trouble spot in the market where
stocks have largely shrugged off the U.S.-Iran conflict and the resulting energy shock.
And so investors bet on inflation by buying and selling both ordinary U.S.
treasuries and those that hedge the risk of inflation called TIPS, Treasury Inflation Protected Securities.
The gaps between the yields of those two types of bonds known as the
break-even rate recently hit the highest level since October of 2022, according to Federal Reserve data, suggesting that investors expect annual inflation to average around 2.7% over the next five years.
Now, that's not entirely doom and gloom, but the risk here is that the AI boom, the GDP numbers are sort of concentrated in AI, CapEx, and data centers.
It's not evenly distributed.
The real economy is only growing at 0.1%.
Showing 601–620 of 2,264 · page 31 of 114
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