RiskReversal Pod Mind The Gaps + Packy McCormick Is Winning The Great Online Game
May 22, 2025
Packy McCormick, the mastermind behind the Not Boring newsletter and investor at Not Boring Capital, dives into the thrilling world of technology and innovation. He explores how private tech firms are poised to disrupt the market, with a spotlight on Tesla’s self-driving revolution and the electrification trend. The conversation also delves into the dynamics of generative AI, the rise of decentralized finance through stable coins, and the future of startups inspired by Elon Musk. McCormick's insights reveal a landscape ripe for transformation.
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Stagflation and Bond Market Signals
- Jamie Dimon warns against complacency, highlighting renewed stagflation risks in the U.S. economy.
- The bond market signals turmoil despite stock markets appearing stable, indicating deeper economic concerns.
Bond Yields Reflect Global Debt Concerns
- Rising U.S. 10-year yields reflect global debt concerns, including Japan's worst bond auction since 1987.
- Higher yields imply a higher equity risk premium and risk mispricing in equity markets.
Private Firms Disrupt Defense Industry
- New defense companies like Anduril compete by developing smaller, software-driven systems funded privately.
- These companies disrupt traditional cost-plus defense contractors, enabling faster innovation and competition.