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Monetary Policy Is Finished and Macro Debates Are Boring, Feat. Raoul Pal
17.9.2020
A wide-ranging conversation about the state of macro, why central banks can’t really do anything and why private markets are leading the future of money
Governments vs. Networks: The Battle for the Soul of Finance
16.9.2020
Governments have significant discretion over economics and finance today, but decentralized network-driven alternatives threaten that control
The Decade of the Living Dead: How Zombie Companies Are Robbing Tomorrow’s Economy
15.9.2020
The percentage of companies that can’t afford to pay the interest on their debt has reached a new all-time high in the wake of central bank intervention
The Business of Geopolitical Competition
14.9.2020
As Oracle wins a bid for TikTok US, a look at how tech competition, culture competition and currency competition shape the business of geopolitics
Is Being the ‘Saudi Arabia of Money’ Good for America?
13.9.2020
A reading of “How to Diagnose Your Own Dutch Disease,” a look at the problems of America’s dollar trade
The Raw, Savage Capitalism of Open-Source Protocols
12.9.2020
Recapping the biggest stories of the week, including Joe Biden’s China plan, a market holding pattern and, of course, the strange competitive saga of SUSHI
‘As Toppy as It Gets’: Metals, Bitcoin and Fiat’s Race to the Bottom, Feat. Tavi Costa
11.9.2020
The Crescat Capital portfolio manager gives his take on the flashing macro warning signals and why it is an explosive moment for gold, silver and (potentially) bitcoin
How Monetary Policy Undermined American Resilience
10.9.2020
A legacy of artificially low interest rates is not just the death of savings, but a forced buying into the perpetual growth machine of financial asset prices
‘Absolute Raging Mania’: Famed Investor Druckenmiller Thinks 10% Inflation Is Possible
9.9.2020
The Hedge Fund legend says in a new interview the Federal Reserve’s policies have created a massive asset bubble while making both inflation and deflation more likely
Bitcoin and Altcoins Bulls Defending Crucial Breakdown Supports
9.9.2020
Bitcoin price is trading in a crucial range below the USD 10,400 and USD 10,500 resistance levels. BTC bears made another attempt to clear the USD 10,000 support. However, the bulls defended losses below USD 10,000 and the price is currently (08:30 UTC) trading well above the USD 10,000...
Why Bitcoin Investors Aren’t Worried About This Price Pullback
8.9.2020
Critiques of correlation between bitcoin and equities miss the fact that bitcoin adoption within traditional markets has been driven by a fiat collapse concern
Sorry, Governments, We’re Entering the Era of Private Money
7.9.2020
Whether the U.S. government likes it or not, the world is demanding crypto-dollars and the private market is ready to supply them
A Practical Utopian’s Guide to the Coming Collapse
6.9.2020
A reading on revolutions from the late great David Graeber
Is Tesla a Stock for Suckers?
5.9.2020
The markets kicked off the week with a 5-1 Tesla stock split rally and ended with major questions about tech company valuations
8 Historical Analogies That Help Explain the Madness of 2020
4.9.2020
From the U.S. presidential elections of 1896 to the dot-com bubble to housing markets in 2006, these historical moments help us make sense of a truly WTF year
DeFi Degens Are Crypto’s Suicide Squad
3.9.2020
A look at the subculture and ethos driving the white-hot DeFi space, which has grown from $2 billion to $9 billion in total value locked in just two months
Let Them Eat Equities! The Economic Chickens Come Home to Roost, Feat. Luke Gromen
2.9.2020
One of the best-known macro analysts breaks down last week’s Jerome Powell speech and whether it truly represents a new policy era for the Federal Reserve
Financial Postmodernism and the Great Inflation Debate
1.9.2020
This Best of The Breakdown August 2020 edition features commentary from Hugh Hendry, Preston Pysh and Adam Tooze
US Stock Market Cap-to-GDP Ratio Reaches 190%, Eclipsing Dot-Com Bubble High
31.8.2020
The booming stock market is driven by perception of the Federal Reserve’s commitment to high prices and growing individual trading, but how sustainable is it?
The Case for $500,000 Bitcoin
30.8.2020
The Winklevoss brothers make an argument that, in the long run, bitcoin is the only good safe haven