I explain the explosion of expenses (2.7%, now at a maximum of 20 years) and the formation of new businesses to three main causes: the stimulus of cash padded from people’s bank accounts, the combination of computing cloud plus iPhones that allow anyone to start a business, the fintech revolution that allows payments for everyone.
And that’s just part of what we’re getting into this week. Thanks to Allison and Sam for bringing so much information to the mix this week.
Subscribe to The Compound on YouTube so you never miss an update.
The full podcast can be listened to here.