Billionaire Chamath Kalihapitiya warns that one metric shows that American consumers' financial health is deteriorating.
In the new episode of All-in Podcast, Palihapitiya says that he monitors close guarding with high-risk lenders Capital One and credit acceptance.
Investors use the price-book ratio to assess whether early-difficult companies like banks are underestimated or overpriced.
However, the venture capitalist of billionaires notes that the financial meter can also be used as an early warning of the US potential liquidity crisis.
“What shows you is the coverage where the acceptance of credit is compared to Capital One. And the idea of raising it is that when they look at their high -risk lenders historically when these boys begin to see the price of books, simply escalate and rise
And from this perspective, I think there are some flashing yellow lights that Fed has to take seriously. ”
The billionaire also claims that FED can be driven sharply by reducing the potential liquidity crisis.
“Some of the most critical leading indicators, especially American consumer liquidity and credit health, flash yellow. So now they decide to ignore the historically useful leading indicators.”
Federal Reserve last week decided To maintain interest rates from 4.25% to 4.5%, referring to its double mandate in the long run for maximum employment and inflation for 2%.
https://www.youtube.com/watch?v=G6HSFCQ6O0
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