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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Why the Robinhood Revolution Is the Future of F...
Even before the COVID-19 crisis, Reddit’s WallStreetBets channel was featured on the cover of Bloomberg BusinessWeek as an emerging market force. Since then, between the surge in signups for Robinhood and the wave of followers of Davey Day...
Satoshi Nakamoto is often recognized for his technical genius in solving the double spend problem. He is also widely revered for his willingness to walk away from the protocol to make it stronger, something no other entrepreneur who has created...
39 min
1753
‘It Sure Doesn’t Feel Like the Greatest Economy...
What would you do if you were approaching your 40s, burned out and realizing the type of financial success you had been pursuing wasn’t actually serving your true goal of freedom? If you were George Gammon, the answer would be to change...
65 min
1754
How the Fed Fans the Flame - The Best of The Br...
June 2020 will go down in the history books as an extremely chaotic and confusing period. In this “Best of the Month” retrospective, we look at some of the best guest conversations from The Breakdown, including: Human Rights Foundation CSO...
29 min
1755
A Primer on the Eurodollar and Shadowbanking Sy...
The latest Long Read is by and This piece covers: The Dollar Milkshake Theory Why the demand for the US dollar remains so high Why demand for dollars is increasing rather than decreasing What "eurodollars" are What the shadow banking...
24 min
1756
Welcome to the Groundhog Day Economy (PS, It Su...
As states shutter economic activity because of preventable COVID-19 outbreaks, it’s deja vu all over again. This is a movie we’ve seen before: Rise in what could have been preventable COVID-19 cases A call for shutdowns (plus voluntary...
10 min
1757
How Monopolies Sow the Seeds of Their Own Destr...
Today on the Brief: A consumer spending rebound A new crypto regulatory regime in Europe A bitcoin warning from a famed investor Our main discussion: Tuur Demeester is the managing partner of Adamant Capital, a bitcoin investment firm that...
70 min
1758
Is Scam Selling Suppressing the Price of Bitcoin?
Today’s edition of The Breakdown is an extended version of the Brief, this time covering five topics. New Jobless claims - sticking stubbornly at ~1.5 million new claims per week, despite economist expectations The “whack-a-mole” economy...
17 min
1759
Bull vs. Bear: Who Has the Economy Right?
The economy is nothing if not confounding right now. Across every domain, from real estate to oil to retail, there are bull signals and bear signals. In this episode, NLW looks at those signals in the following areas: Markets - strong...
23 min
1760
Oil 101: How Easy Money Enabled the Shale Revol...
Today on the Brief: PayPal and Venmo reportedly adding crypto buying and selling Trump executive order temporarily suspends H1-B visa program Continued growth in derivatives Our main conversation: Tracy Shuchart is an oil- and commodities-focused...
76 min
1761
Macro Investors Sound Off! Featuring Ari Paul, ...
Today on the Brief: New Federal Reserve research suggests reaction to Facebook’s Libra basket approach was overblown Italian Banking Association pushing to test a digital euro U.S. housing has worst month since 2010 Our main conversation: Earlier...
47 min
1762
Fight the Fed or Love the BRRR? [Long Reads Sun...
A reading of two pieces by Jill Carlson | CoinDesk + Jesse Felder | The Felder Report
12 min
1763
A Dozen+ Statistics Proving Millennials Are F%#...
The big narrative in financial media for the last few weeks has been the insurgent Robinhood rally, led by the AC/DC-blaring Pied Piper Dave Portnoy, owner of Davey Day Trader Global Global (DDTG Global). As people try to make sense of the...
11 min
1764
Why Monetary Debasement Is Here to Stay, Feat. ...
Today on the Brief: FTX lists two Compound tokens Reddit partners with Ethereum Foundation on Layer 2 scaling Black-In Freedom Festival reimagines Juneteenth Our main topic: Dr. Vikram Mansharamani is a lecturer at Harvard and author of...
68 min
1765
6 Things Jobless Claims Tell Us About the State...
Today on the Brief: Powell says private companies shouldn’t be involved in Central Bank Digital Currencies According to former NSA head John Bolton, Trump told Mnuchin to go after Bitcoin Interest around Compound driving speculation around a...
25 min
1766
The Satoshi-fication of Social Media: Why The F...
On the Brief: Big tech vs. the American political right and left Why TikTok users are pretending to love China for clout Decentralizing venture capital Our main conversation: The Crypto Dog is one of crypto Twitter’s best known characters....
47 min
1767
The Fed's Folly: From Moral Hazard to Business ...
Today on The Brief: An unexpectedly good retail sales report drives market confidence Are we in for a second wave of white-collar layoffs? The latest rumblings in central bank digital currencies Our main conversation: Jesse Felder is an...
73 min
1768
Sorry, Bloomberg: Here Are 6 Reasons Why 2020 I...
Today on the Brief: Stocks down on coronavirus fears Demand destruction The looming retirement crisis Our main theme: is up more than 30% on the year. After a crash alongside equities, it has proved incredibly resilient. There are famous new...
28 min
1769
BONUS: Rubbish Rallies and Investor Amnesia by ...
After a week where bankrupt Hertz pumped 890%, the question is: what is the historical precedent? Luckily, we have finance history guy Jamie Catherwood to fill us in. In this essay "Rubbish Rallies" (written by Jamie, read by NLW), Catherwood...
15 min
1770
The Chad Index Versus Doomer Internet Money: Th...
The stock market has long been disconnected from the underlying economy, but much of what happened this week - particularly the pumping of bankrupt company stocks - suggests that something new is afoot. In this episode, NLW breaks down three...
11 min
1771
Avoiding the Narrative Trap: Bitcoin Is More Th...
Today on the Brief: Why bitcoin sold off A bank-the-unbanked narrative for the digital dollar It’s Dave Portnoy’s world and we’re all just living in it Today’s main topic: Why inflation isn’t the only bitcoin narrative that matters. When...
25 min
1772
Why the Fed Keeps Denying Its Role in Increasin...
Today on the Brief: Three Arrows holds more than 6% of Grayscale Bitcoin Trust New platform for censorship-resistant blogging Coinbase announces new token potentials as anti-surveillance hodlers flood out Today’s main topic: Why the Fed...
26 min
1773
Bitcoin, Property Rights, and Why the Old West ...
Today on the Brief: A record week for peer-to-peer exchanges in the developing world A digital dollar gets discussed in Congress Previewing the Federal Reserve’s FOMC guidance Our main topic: A brainstorm on digital property rights...
33 min
1774
What the Stock Market’s ‘Robinhood Rally’ Means...
Today on the Brief: Saudi Arabia injects $13 billion in bank liquidity via blockchain. China’s state TV CCTV says Binance is still allowing crypto trading in China. MakerDAO community greenlights real world collateral. Our main topic: The...
32 min
1775
Why War Reporting Is the Right Mental Model for...
On today’s episode of The Breakdown, we introduce the Breakdown Brief - a look at three key topics in bitcoin and crypto. Today, the Brief covers: Brave browsers auto adding ref links to Binance.us The disconnect between Wall Street and...