May 4, 2019

Chamath Palihapitiya: recession "next to impossible" (2019)

I don't see a world in which we have any form of meaningful contraction nor any form of meaningful expansion. We have completely taken away the toolkit of how normal economies should work when we started with QE. I mean, the odds that there's a recession anymore in any Western country of the world is almost next to impossible now, save a complete financial externality that we can't forecast.

~ Chamath Palihapitiya, CEO of Social Capital and minority stakeholder of the NBA's Golden State Warriors, as appeared on CNBC's Fast Money Halftime Report, April 30, 2019

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