A daily analysis of macroeconomics, bitcoin, geopolitics and big picture power shifts, hosted by Nathaniel Whittemore @nlw. The Breakdown is part of Blockworks.
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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
1627
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
1628
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
1629
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
1630
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
1631
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
1632
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
1633
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
1634
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
1635
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
1636
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
1637
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
1638
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
1639
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
1640
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
1641
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
1642
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
1643
Are Stablecoins Eurodollars 2.0? Long Reads Sunday
On this week’s Long Reads Sunday, we look at two essays about stablecoins previously published on CoinDesk. The first is called by Hasu and was one of the first pieces to recognize that demand was coming not just from the crypto space but...
14 min
1644
Social Media Is Democracy’s Faultline: The Brea...
On this edition of the Weekly Recap, NLW explores: No-volatility bitcoin and DeFi’s big quarter An uptick in central bank currency action PayPal crypto confirmation A China-U.S. rhetoric flare up Social media as democracy’s fault line In Fed...
10 min
1645
What If the Too-Strong Dollar Is a Solved Probl...
Today on the Brief: The latest information in the Twitter hack Thailand starts using its central bank digital currency Treasury Secretary Mnuchin calls on Congress for more funds Our main conversation is with Jon Turek, author of “Cheap...
64 min
1646
No, the Twitter Hack Wasn't about Bitcoin
Today on the Brief: Adjustment to bank profits in anticipation of growing debt delinquency The lowest decrease in jobless claims since March A boost in retail spending Today’s main discussion: The Great Twitter Hack, feat. Dr....
30 min
1647
A Primer on the US and China's 'New Cold War'
No geopolitical relationship will shape the world over the coming decade as much as that of the U.S. and China. A day after President Trump signed the Hong Kong Autonomy Act enabling sanctions on those that threaten the autonomy of China (and...
26 min
1648
Why Are Execs of Bankrupt Companies Being Rewar...
Today on the Brief: A followup on Tesla, corporate earnings and PayPal’s crypto ambitions New COVID-19 shutdowns in California Small businesses on the brink Our main conversation: Bloomberg has reported recently bankrupt companies...
23 min
1649
The Real Story Behind Tesla's Crazy Rally
Today on the Brief: Wall Street quarterly earnings season opens Investor flock to higher-yielding Chinese government bonds Bitcoin whales go down but other types of HODLers go up Our main conversation: What the hell is going on with $TSLA? Elon Musk...
22 min
1650
Does COVID-19 Have The World Rethinking Dollar ...
On this episode of Long Reads Sunday, we look at Professor Stephen S. Roach’s piece In it, he argues: Americans have been squandering their savings potential Because of this, we are forced to borrow surplus savings from abroad We have...