The Breakdown

A daily analysis of macroeconomics, bitcoin, geopolitics and big picture power shifts, hosted by Nathaniel Whittemore @nlw. The Breakdown is part of Blockworks.

Business
Investing
1476
Preston Pysh on Why We’ve Entered a Fundamental...
The Investor’s Podcast Network cofounder Preston Pysh last recorded with The Breakdown on Black Thursday in March. As NLW and Pysh discussed the potential of future currency crises, smashed all the way below $4,000.  In the five months since,...
102 min
1477
#SupplyGate and the Battle to Frame Crypto’s Ne...
Today on the Brief: WSJ study finds TikTok was tracking data in a way that broke Android rules The latest Core Inflation statistics  MicroStrategy stocks pops 10% after cash to bitcoin announcement Our main discussion: What’s the Ethereum...
29 min
1478
Joe Rogan for Fed Chair! Feat. Hugh Hendry
Today on the Brief: A public company has switched $250 million in cash reserves to bitcoin The latest in the vaccine rumor trade with Vladimir Putin’s propaganda play  Hong Kongers use the stock market to protest Our main conversation is with...
69 min
1479
The Latest on the Global Economy’s Most Content...
Today on the Brief: Grayscale launches national digital asset TV ad campaign Rough times for oil as Saudi Aramco sees 73% decline in revenue Kodak crashes as government grant paused amid allegations of impropriety   Our main conversation is a...
19 min
1480
How the Purpose of the Stock Market Has Changed
On this week’s Long Reads Sunday, NLW reads three pieces: - Matt Levine in Bloomberg A look at how public markets are less and less about accessing new capital and more about narrative and liquidity for early investors. - Anil Lulla on CoinDesk...
21 min
1481
The Mounting Evidence of a New Bitcoin Bull Mar...
This week’s Breakdown Weekly Recap is all about that vibe you’ve been feeling - that inescapable notion a new crypto bull market is afoot.  NLW looks at the evidence: Rising gold price Recirculation of crypto money out of zombie...
10 min
1482
11 Numbers That Tell the Story of the Economy R...
Mainstream financial media loves reporting the stock market like it's the only economic indicator that matters. On this episode, NLW breaks down 11 numbers that together tell a much more complete story, including: Record price of gold Square’s...
13 min
1483
The History, Present, and Future of Central Ban...
Today on the Brief: Better news in the jobless claims this week A new bitcoin adoption cycle? A check in on Lebanon Our main conversation is with Dr. George Selgin.  Dr. Selgin is a Senior Fellow and Director of the Cato Institute's Center for...
79 min
1484
Hedgeye CEO Keith McCullough on Stagflation, Bi...
Today on the Brief: Robinhood doubles quarterly trading revenue Square did $875 billion in revenue in Q2 - up 600% YoY ADP report: 167,000 jobs added in July (instead of expected 1.2 million)  Our main conversation is with Hedgeye CEO Keith...
38 min
1485
Can Social Media Be Redeemed? Feat. Early Faceb...
Today on the Brief: President Trump wants a cut of the TikTok deal Previewing this week’s COVID-19 vaccine trade  Dave Portnoy breaks into Our main conversation is with Bobby Goodlatte.  Bobby is the founder of Form Capital, a new seed...
70 min
1486
The Best of the Breakdown July 2020
Today on the Brief: The TikTok-Microsoft Deal The Twitter hacker was 17 A changing of the guard for crypto hedge funds Our main discussion: recapping the best interviews of July 2020 Despite a huge variety of perspectives and experiences, one theme...
28 min
1487
What Future Are We Building Bitcoin For?
Bitcoin started as a rebellious, anti-establishment technology. In many parts of the world, and for many people, it remains exactly that.  At the same time, however, there is a wave of traditionalists and institutional players moving into the...
11 min
1488
Previewing the Economic Showdowns Coming This F...
On this week’s edition of The Breakdown Weekly Recap, NLW argues the big story of the week was actually a set of smaller stories that preview the faultlines and economic debates likely to absorb us in the coming months.  These include: The...
10 min
1489
What a Professional Trader Thinks of the Fed, R...
Today on the Brief: The DXY hits a 52-week low Consumers seeking alternatives to cash  Bank of England rebuilds settlement system to work with CBDCs Our main conversation is with trader and analyst Tony Greer. In this conversation, he and NLW...
66 min
1490
The Bond Market Is the Truth Teller No One List...
Today on the Brief: More bad news from jobless claims and the GDP The big tech hearing was a whole bunch of nothing; watch TikTok instead Robinhood dives into Kodak (but so do illegal insider traders) Our main conversation is with independent bond...
55 min
1491
How DeFi Could Disrupt Traditional Finance, Fea...
Today on the Brief: Big tech goes to Washington The debate on the next COVID-19 relief act heats up More on institutional investors’ move into gold  “Imagine a world without counterparty risk.” That was Chainlink co-founder Sergey...
82 min
1492
How Real Is Bitcoin’s Rally? 8 Interpretations ...
It was a beautiful Monday.  crashed through $10,000 and got all the way up to a new yearly high of about $11,000 before retracing slightly.  As with any dramatic price action, people were quick to start giving their interpretations of why...
24 min
1493
SPACs 101: A Bubble, the Future or Both?
Special purpose acquisition companies have been around since the 1990s, but have seen a significant uptick in popularity in recent years. Companies like Virgin Galactic, Draft Kings and Nikola have changed SPAC’s reputation from a tool for second-...
27 min
1494
The Economic Conflict That Will Shape The Next ...
This week on Long Reads Sunday, our selection is by Adam Tooze in the London Review of Books.  Nominally a review of four recent scholarly works on the conflict between the US and China, Tooze main argument is that the central problem with...
24 min
1495
As Economic Indicators Get Worse, the US Revs U...
This week on the Breakdown Weekly Recap, NLW covers: A terrible week for US-China tensions, with dueling Consulate closures and an incredibly hawkish speech from US Secretary of State Mike Pompeo Worsening economic indicators, particularly around...
14 min
1496
Could the European Recovery Plan Actually Break...
Today on the Brief: Which industries are recovering the best China retaliates against U.S. after consulate shutdown  Dollar heads toward its worst month since 2018 Our main discussion features returning guest Tuomas Malinen, CEO of GnS...
32 min
1497
Will Big Tech Enable or Destroy Small Business?...
Today on the Brief: Disappointing jobless claim numbers with first increase in 4 months US banks now allows to custody crypto Senate hears arguments for a digital dollar in the context of US-China economic competition Our main conversation with...
51 min
1498
A Simple Explanation of DeFi and Yield Farming ...
Today on the Brief: US Gov’t forces China’s Houston consulate to close US previously-owned housing market grows 20.7% May to June Insider stock selling reaches record levels Our main discussion: DeFi 101 Today’s episode of The Breakdown is a...
27 min
1499
Is the Fed About to Start Promoting Inflation?
Today on the Brief: EU leaders agree on $2 billion stimulus package LinkedIn job cuts show weakness in the professional sector Has DeFi jumped the shark? Our main discussion: The Fed’s changing inflation strategy University of Oregon professor and...
16 min
1500
What Is GPT-3 and Should We Be Terrified?
Today on the Brief: Mastercard, Standard Chartered and PayPal all deepen their engagement with crypto Japan inches closer to a central bank digital currency The real estate “doom trade” opens up Our main discussion: GPT-3 Generative pertained...
21 min