The Breakdown


Markets

Financial Postmodernism and the Great Inflation Debate

This Best of The Breakdown August 2020 edition features commentary from Hugh Hendry, Preston Pysh and Adam Tooze.

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Markets

US Stock Market Cap to GDP Ratio Reaches 190%, Eclipsing Dot-Com Bubble High

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?

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Markets

The Case for $500,000 Bitcoin

The Winklevoss brothers make an argument that, in the long run, bitcoin is the only good safe haven.

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Markets

The End of an Era? Why Bitcoin and MMT Won the Week

Fed Chair Jerome Powell tried to make it seem like the end of an era, but didn’t inspire confidence in the central bank’s ability to lead in the era that comes next.

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Markets

The Anxiety Index: 4 Fear Factors Shaping the Economy

From COVID-19 relapses to election insecurity, these factors drive defensiveness up and demand down.

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Markets

Everything You Need to Know About Jerome Powell's Jackson Hole Speech

The Federal Reserve Chair announced a slate of new policy approaches, but are they inspired or impotent?

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Markets

The Battle to Get Dictator’s Seized Millions to 62,000 Venezuelan Health Heroes

How crypto-powered Airtm is teaming with Venezuela’s opposition government to distribute $18 million in funds the U.S. seized from the Maduro dictatorship, featuring Airtm CEO Ruben Galindo.

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Markets

An Unintended Consequence of Low Interest Rates? The Big Get Bigger

As companies have to shift their business model to contend with low interest rates, the largest find themselves in a comparatively better situation.

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Markets

How Much Should We Fear Post-Crisis Debt or Inflation? Feat. Adam Tooze

An economic historian and one of Foreign Policy’s “Top Global Thinkers of the Decade” discusses post-COVID-19 global economics and politics.

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Markets

Why Are Traditional Investors So Hungry for Yield Curve Control?

When FOMC minutes suggested the Federal Reserve might not employ yield curve control, the markets reacted angrily.

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