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What I Read This Week…

chamath.substack.com · 647 words · saved by 1 readers

The Fed is losing credibility with markets, OpenAI and Google are paying content creators for unused video footage, and lifestyle changes prevent metabolic diseases more effectively than medications

Watch All-In E210 Read our Deep Dive: A Primer on Cryptocurrencies Caught My Eye… The Federal Reserve is losing credibility with markets. What's going on? The Federal Reserve has reduced the Federal Funds Rate by 1% since September, justifying their rate-cutting cycle by claiming job gains were slowing and inflation was moving toward their 2% target. However, recent data contradicts both claims: job gains remain solid (256,000 in December, though the reliability of this number is questionable), and inflation shows persistence rather than moving toward the 2% target. Meanwhile, long-term…

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