Max Levchin
speaker
2,409 appearances
6 recordings
3 series
first heard Feb 2025
last heard 2d ago
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 — 4 in all, peaking in Feb 2026 with 2.
Appearances
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%.
while the real economy is suffering from 2.7% inflation over the next five years.
That's a recipe for stagflation, stagnation plus inflation, a very rough thing for any economy to go through and something that the market and the economy and the politicians should be focused on.
So the 10-year break-even rate has also climbed.
hitting 2.5% this month, its highest level since 2023, driven largely by the war-fueled surge in oil prices.
The rise in inflation expectation worries investors because of the challenges it poses for the Fed interest rates policy and major indexes' latest run to records.
And so for a while, everyone was thinking about maybe interest rates will come down, maybe mortgages will become more affordable, but
There was even the whole debate or the fight with Powell and lawsuits, which were eventually dropped, but Powell and Trump were at each other's necks and issuing statements about their vision for the future of the American economy.
And on the flip side, you have Kevin Warsh coming in, maybe more friendly, maybe more receptive to a rate cut, but the data makes that very, very hard to justify, and so.
We are in.
Yeah.
Potentially, potentially.
Well, our next guest, Max Levchin from Affirm.
He's the co-founder and CEO.
He's returning to the show.
We've been keeping him waiting far too long.
Showing 761–780 of 2,409 · page 39 of 121
← Previous
Next →