On the Flying Bridge October 14, 2024
We are racing to the election and then will likely crawl to a decision. The nasty rhetoric likely contributed to the slight down tick in consumer sentiment last month, the first time since the beginning of the summer. Headline inflation came in a touch hotter than expected at 2.4% in September. The paradox is that the Conference Board just increased its 3Q24 real GDP growth to 1.8%, up from 0.8% in its prior forecast. Conditions are quite good, but the world feels very chaotic.
Obviously, the macro-economic conditions directly affect the venture capital industry as liquidity informs returns and the pace of new investments. The velocity of capital is critical and now the system feels stuck. The national debt...
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