Chamath @ 00:38:31Wrong
economy
The US headline CPI year‑over‑year inflation rate will at some point in the near term after July 2022 reach at least the mid‑9% range and possibly 10% or higher.
I actually also kind of put myself on a limb there. And I said, you know, I wouldn't be surprised if at some point we print a mid to high nines, maybe even a ten handle at some point.View on YouTube
Explanation
Chamath predicted that after July 2022, U.S. headline CPI year‑over‑year inflation would at some point print in the mid‑ to high‑9% range, possibly with a '10 handle.' Official data show that headline CPI instead peaked at 9.1% in June 2022 and never went higher; that June 2022 reading is consistently identified as the post‑pandemic peak. (jpmorgan.com) In the months after the podcast, year‑over‑year headline CPI fell from 9.1% in June 2022 to 8.5% in July and 8.3% in August, then continued to decline (to 6.5% by December 2022) and has remained far below 9% through 2025. (bls.gov) Because there was never a CPI print at or above a clear 'mid‑9%' (≈9.5%+) or 10% level after July 2022, the prediction did not come true.