Ethereum

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


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 closures)
  • Rampant politicization of health and economic issues rather than common sense approaches
  • Persistent jobless claims plus new layoffs 
  • Wall Street nerves turning into new Federal Reserve and Treasury action

This week on The Breakdown:

  • An oil and commodities expert breaks down how the shale revolution reshaped global energy power and why oil went below $0 earlier this year.
  • From markets to real estate to the dollar to retail, the data on whether the market is recovering or not is hella confused.
  • Scam selling, a big win for privacy from Apple, new jobless claims in the “whack-a-mole” economy and the biggest BTC options expiry ever.
  • The managing partner of Adamant Capital joins for a conversation about what the Protestant Reformation and the French Revolution can teach us about bitcoin.
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