BREAKDOWN: As the Market Slinks Down, It's Time to Touch Grass
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 26 May 2022
⏱️ 17 minutes
🧾️ Download transcript
Summary
A look at FOMC meeting minutes and other macro indicators.
This episode is sponsored by Nexo.io, NEAR and FTX US.
Today on “The Breakdown,” NLW explores the macro set-up, including Fed unanimity on two 50 basis point rate hikes in June and July followed by optionality at the September FOMC meeting. He also looks at the housing market and retail sector to see how the real economy is responding.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Franziska Uhlmann/EyeEm/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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Transcript
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| 0:00.0 | What's clear is that this is the setup for the next few months at least. |
| 0:04.4 | What's less clear is how the catalyst over the next few months will change the outlook going |
| 0:08.4 | into the fall. |
| 0:09.7 | But what to do in this situation? |
| 0:11.9 | Well, as crypto-Twitter loves to say, and this is actually good advice, this might be |
| 0:16.8 | the right time to go outside and touch grass. |
| 0:21.1 | Welcome back to The Breakdown with me, NLW. |
| 0:25.3 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 0:31.1 | The breakdown is sponsored by nexo.io, near an FTX, and produced and distributed by CoinDesk. |
| 0:38.9 | What's going on, guys? It is Thursday, May 26th, and today we're talking macro. |
| 0:45.2 | Before we get into that, one quick housekeeping note. There are two ways to listen to the |
| 0:50.3 | Breakdown Podcast. You can find us on the Coin Desk Podcast Network feed, which features the |
| 0:55.3 | breakdown and other great shows and comes out in the afternoon, or you can listen on the |
| 0:59.3 | breakdown only feed, which comes out a few hours later in the evening. Whichever way you |
| 1:03.9 | listen, if you're enjoying the show, I would so appreciate a rating or a review. It makes a big |
| 1:08.9 | difference for helping new people discover the podcast. |
| 1:12.2 | Lastly, a disclosure as always, in addition to them being a sponsor of the show, I also work with |
| 1:16.9 | FTX. So we have had a number of crypto-related kind of grab-bag shows, keeping up with all the |
| 1:23.3 | news in the industry, and today we are going to check in on the macro to get a sense of which |
| 1:28.1 | way the winds are blowing. We're going to start with the Fed Minutes. So when the FOMC meetings |
| 1:34.5 | happen, the first chance the market has to hear about new explicit changes or forward guidance |
| 1:40.2 | comes from the summary of the meeting and then the press conference that happens after. |
... |
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