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:

    • Some of the smartest investors in the crypto space share how they think the larger macro context is shaping interest in bitcoin and digital assets.
    • 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.

    The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.