Today on the Brief: Jobless claims slightly exceed expectations at 884,000 ECB keeps policy unchained; euro rises versus dollar  Survey: What’s the right way to understand the business and market cycle in the U.S. today?  Our main...

Today on the Brief: Markets recover slightly but vaccine trade falters as AstraZeneca pauses trials  Bitcoin and gold correlation increases sharply around dollar instability Mastercard launches simulation tools to help develop central bank...

Today on the Brief: Stock market continues its descent Insider stock selling reached five-year high in August President Trump promises more aggressive decoupling from China Our main discussion: Investors and the BTC price dip. Over the last several...

On this special Labor Day edition of The Breakdown, NLW is doing a reading of Nic Carter’s most recent essay In it, Carter argues that rather than fight the tide, the U.S. government should accept and take advantage of its unique position in the...

Earlier this week, news broke that David Graeber, author of influential works such as “Debt: The First 5000 Years,” had passed away.  In his memory, today’s Long Reads Sunday is a reading of his 2013 piece In it, he argues the impact of...

On this episode of The Breakdown Weekly Recap, NLW looks at the full story the stock markets are telling us about the economy, including: SoftBank unmasked as the “Nasdaq whale” playing the same options game with stocks as r/WallStreetBets The...

Inspired by Michael Batnik’s “,” this episode examines eight moments from history that can help us make sense of one of the most chaotic years of our lives.  Income inequality of the Gilded Age The election of 1896 The pandemic of 1918 The...

Today on the Brief: Traditional markets falter, led down by tech stocks Bitcoin falls under $11,000 for the first time since July Stablecoins mint $100m daily since mid-July Our main discussion is about DeFi’s “degens.” NLW talks about: The...

Today on the Brief: Debt will exceed U.S. GDP for the first time since 1946 SPACs in action! Decentralized exchange volume flippens centralized exchanges  Our main conversation is with Luke Gromen, founder of the Forest for the Trees consulting...

August has come to a close. In this recap and “best of” episode, NLW looks at the big themes that defined the month. Most notable was the discussion of inflation culminating in the Federal Reserve’s newly announced policy of average inflation...

Today’s episode of The Breakdown looks at the stories the stock market is trying to tell, including: New all time high in total market capitalization to GDP ratio (higher than dotcom bubble)  “No precedent for how high” valuations can...

This week’s episode of Long Reads Sunday is a from Tyler and Cameron Winklevoss. The essay looks systematically at the problems of the slate of current store-of-value assets, including the U.S. dollar, oil and gold.  The brothers argue why...

On The Breakdown’s Weekly Recap, NLW looks at the shifting sands of the global economy. He says Federal Reserve Chair Jerome Powell’s speech at Jackson Hole this week was an argument that an era that began in the 1970s is now closing.  At...

Today on the Brief: Skepticism around Powell’s inflation prognostications The Tesla Stock Split Game China’s COVID-19 vaccine maker presses countries for early adoption Our main discussion: The Anxiety Index We live in an economy organized...

Federal Reserve Chair Jerome Powell spoke Thursday at the annual Jackson Hole conference convened by the Kansas City Fed, which was virtual this year due to COVID-19.  In the highly anticipated speech, Powell laid out a number of key changes to...

Today on the Brief  The SEC changes accredited investor rules  Fintech and crypto investor Ribbit Capital starts $350 million SPAC Previewing Federal Reserve Chair Jerome Powell’s Jackson Hole speech Our main conversation is with Ruben...

Today’s episode of The Breakdown is an extended edition of the Brief. NLW discusses: The “COVID-19 vaccine trade” on Wall Street kicks markets higher The latest on TikTok vs. the U.S. and what it means for the U.S.-China relationship More...

Our guest today is Adam Tooze. Adam holds the Shelby Cullom Davis Chair of History at Columbia University and serves as director of its European Institute. He is known for his books “The Deluge: The Great War, America and the Remaking of the Global...

On today’s edition of The Breakdown’s Long Reads Sunday, our selections have to do with one of the hottest topics in central banking: yield curve control.  “” The first piece is from the St. Louis Federal Reserve and is a primer on YCC,...

Today on The Breakdown’s Weekly Recap: People aren’t buying “the Great American Recovery” Let’s stop considering the economy as one thing Dave Portnoy doesn’t care about your principles DeFi is the Wild West and saved only by the fact...

The “” is a physics issue that deals with unpredictable futures.  In a , John Mauldin argues the economy is actually experiencing an “eight-body problem.”  On today’s episode, NLW explores each of those dimensions shaping the...

Today on the Brief: Markets react to FOMC notes Taiwan blocks China streaming services Initial jobless claims back on the rise Our main discussion is a look at the politicians on both sides of the aisle who are pro-digital currencies and,...

Today, NLW debuts a new format: “10 Takes in 10(ish) Minutes.”  In this analysis, he looks at 10 takes surrounding the S&P 500’s return to positive territory on the year, including: Great American comeback Market disconnect and...

Today on the Brief: Everyone turns bullish as S&P 500 nears all-time highs Emerging market currencies are floundering  holding sentiment highest in two years Our main conversation features Race Capital’s Chris McCann. Chris was...

There is perhaps nothing more important or contentious in macroeconomics right now than the question of inflation.  On the one hand, there is a growing concern that rapidly growing money supply and increasing central bank balance sheets will...