Welcome to the Groundhog Day Economy (PS, It Sucks)


As states shutter financial exercise due to preventable COVID-19 outbreaks, it’s deja vu yet again. 

It is a film we’ve seen earlier than:

  • Rise in what may have been preventable COVID-19 circumstances
  • A name for shutdowns (plus voluntary closures)
  • Rampant politicization of well being and financial points moderately than frequent sense approaches
  • Persistent jobless claims plus new layoffs 
  • Wall Road nerves turning into new Federal Reserve and Treasury motion

This week on The Breakdown:

  • A few of the smartest traders in the crypto house share how they suppose the bigger macro context is shaping curiosity in bitcoin and digital property.
  • An oil and commodities skilled breaks down how the shale revolution reshaped world power energy and why oil went beneath $zero earlier this 12 months.
  • From markets to actual property to the greenback to retail, the knowledge on whether or not the market is recovering or not is hella confused.
  • Rip-off promoting, a giant win for privateness from Apple, new jobless claims in the “whack-a-mole” economic system and the largest BTC choices expiry ever.
  • The managing associate of Adamant Capital joins for a dialog about what the Protestant Reformation and the French Revolution can train us about bitcoin.

The chief in blockchain information, CoinDesk is a media outlet that strives for the highest journalistic requirements and abides by a strict set of editorial insurance policies. CoinDesk is an unbiased working subsidiary of Digital Forex Group, which invests in cryptocurrencies and blockchain startups.

Source link Coin Desk


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