BREAKDOWN: As Economic Indicators Get Worse, the US Revs Up the Next Multi-Trillion Stimulus
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 25 July 2020
⏱️ 15 minutes
🧾️ Download transcript
Summary
The Breakdown Weekly Recap covers growing US-China tensions, worsening job numbers and the next casual $1T-$3T in stimulus.
This episode is sponsored by Bitstamp and Crypto.com.
This week on the Breakdown Weekly Recap, NLW covers:
- A terrible week for U.S.-China tensions, with dueling consulate closures and a strikingly hawkish speech from U.S. Secretary of State Mike Pompeo
- Worsening economic indicators, particularly around jobless claims which saw their first weekly rise in four months
- The likely size of the next U.S. stimulus bill – $1T to $3T.
This week on The Breakdown:
Monday | What Is GPT-3 and Should We Be Terrified?
Tuesday | What’s Behind the Fed’s New Push to Promote Inflation?
Wednesday | A Simple Explanation of DeFi and Yield Farming Using Actual Human Words
Thursday | Will Big Tech Enable or Destroy Small Business? Feat. Sahil Bloom
Friday | Could the European Recovery Plan Actually Break Europe Apart?
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome back to the breakdown, an everyday analysis breaking down the most important stories in Bitcoin, crypto, and beyond. |
| 0:13.0 | This episode is sponsored by BitStamp and Crypto.com. |
| 0:18.0 | The breakdown is produced and distributed by Coindesk. |
| 0:22.6 | And now here's your host, NLW. |
| 0:27.7 | What's going on, guys? |
| 0:29.0 | It is Saturday, July 25th, and this is the Breakdown Weekly Recap. |
| 0:35.1 | This week I'm going to talk briefly about three themes that I think really |
| 0:39.2 | captured a lot of what was going on this week, and I have to start with the significant |
| 0:44.7 | ratcheting up of the conflict between the U.S. and China. It started on Monday with the U.S. |
| 0:51.7 | announcement that China would need to close its consulate in Houston, |
| 0:56.6 | accusing them of espionage and fraud. |
| 1:00.0 | This was a significant move as this isn't just words. |
| 1:03.6 | This is an actual direct action that serves to tangibly decouple China and the U.S. politically in an actual physical way. On Wednesday, |
| 1:12.8 | the U.S. Senate held a hearing about winning the economic competition with China, where they had |
| 1:18.5 | witnesses testify about issues like supply chains, about technology such as 5G, and about a digital |
| 1:24.4 | dollar in the role of a digital dollar in competing with China economically. |
| 1:29.4 | In fact, earlier this week, I said that there had been something of a shift, potentially, in the |
| 1:33.8 | debate around a digital dollar, where if it becomes a more strategic geopolitical issue, |
| 1:40.2 | you can expect to have that project accelerated in a big way. |
| 1:48.3 | And in either case, holding aside the specific example of the digital dollar, the fact that the Senate is having a hearing all about winning the economic competition with China is notable. |
| 1:54.0 | On Friday, China responded to the Houston consulate closure by forcing the U.S. to close one of |
| 2:00.3 | its consulates in Chengdu. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from CoinDesk, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of CoinDesk and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.