Spencer Jakab
speaker
249 appearances
4 recordings
3 series
first heard Jan 2026
last heard 30 Jun
Spencer Jakab’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 Jun 2026 with 2.
Appearances
And I'll tell you why.
It's because they're already so big.
So if you look at any of these things in the past that turned into bonanzas.
apple microsoft netflix what have you right they they all were pretty small companies not uh widely assumed to be the next big thing when they came to market that's the difference is that you you could make a hundred times your money
in those you can't make 100 times your money in a company that's already worth 1.75 trillion dollars yeah maybe it'll double right i mean that'd be pretty good if it doubled but there are a lot of other stocks that can double over a number of years just by kind of plotting growth that that's not that doesn't sound that exciting but that's a much more certain outcome
You know, these companies are spending so much money that, you know, even though AI is real and is a promising technology, you don't know that these companies are going to get really rich off of it.
And so this is the moment that they've chosen to pounce.
And by some measure, we might look back at this and say, wow, they really got away with murder because they raised an ungodly amount of money and they weren't even that good.
It gives the government less room for maneuver.
I mean, just think if there's a pandemic or a recession, you already have a large deficit.
You already have a lot of borrowings.
You can't just necessarily write a blank check.
And it squeezes the actual spending power of the government.
You know, as more and more money is dedicated just to servicing the debt, there's less money to spend on actual things the government does.
The budget deficit as a share of GDP today is at a level that you typically only see during deep recessions when the government is trying to sort of pump up the economy and get us out, not in the middle of a boom like we're having now.
Well, we'll have a couple of more jobs reports before the March meeting.
They'd likely have to see something dramatic or see something elsewhere in the economy.
You know, for example, manufacturing surveys could be very soft, industrial production, durable goods orders, things like that.
But we have not seen signs of that so far this year.
It shows us that it's functioning fairly well because there is consensus.
Showing 221–240 of 249 · page 12 of 13
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