2022 Iconoclast Summit: Greg Lippmann Says Propped-Up Businesses To Lead The Next Crisis

The macroeconomic environment is mixed right now, with strong consumer and financial markets that expect the Federal Reserve to pivot at every meeting. However, one well-known investor is concerned that a significant percentage of capital allocators haven’t experienced the type of situation that’s occurring now. He compared today’s market to that of 2001 and 2002. Investors were excited about the internet then, just as they are excited about cryptocurrencies now. However, market action suggests the consensus is that the Fed will pivot, sending stock prices back up — because it has always done that between 2009 and 2021. Q3 2022…