BREAKDOWN: Mirage Recovery – What ‘Record’ GDP Growth Tells Us About the Economy
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 29 October 2020
⏱️ 14 minutes
🧾️ Download transcript
Summary
The Department of Commerce’s new report shows 33.1% annualized growth in Q3, but does this really tell us much about the state of the economy?
This episode is sponsored by Crypto.com, Nexo.io and Elliptic.
Today on the Brief:
- FTX launches equities trading
- Avanti gets Wyoming bank charter
- France locks down and ECB intimates new stimulus
Our main discussion: GDP growth report
The Department of Commerce released its Q3 GDP numbers. Touted as record growth, this is actually a much more complicated story. In this episode, NLW breaks down what the numbers tell us and what they don’t, and why we should be more focused on understanding long-term consumer behavior shifts than short-term numbers.
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 | Audible brings your wildest adventures to life, delivering heart-pounding thrills at the touch |
| 0:05.8 | of a button. |
| 0:07.0 | Take Richard Osmond's The Thursday Murder Club, where four retirees turned amateur sleuths |
| 0:11.8 | solve crimes in the most unexpected ways, brilliantly performed by Leslie Manville. |
| 0:17.1 | Ready to unleash your adventure aside, from pulse racing suspense to epic quests, from supernatural |
| 0:22.6 | chills to far-off romances, every story comes alive through world-class narration. |
| 0:28.5 | Explore exclusive audible originals, chart-topping new releases, and unforgettable bestsellers |
| 0:34.4 | that transport you from the very first word, because the next great |
| 0:38.2 | adventure is just a listener way. Start your free 30-day trial at audible.com slash |
| 0:43.9 | Wondery UK. That's audible.com slash Wondery UK. |
| 0:49.5 | People are going to make different decisions that don't care about what they're ordered to do |
| 0:55.0 | because they just make sense for people to do. |
| 0:57.9 | And as we start this new beginning, we're starting weaker. |
| 1:02.2 | And the easy gains in many ways have already happened with reopenings. |
| 1:05.8 | The demand and the desire for a better economy is there. |
| 1:09.3 | It's just a question of when it's really possible. |
| 1:14.2 | Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the |
| 1:21.3 | big picture power shifts remaking our world. The breakdown is sponsored by crypto.com, nexo.io, and elliptic, and produced and distributed by CoinDesk. |
| 1:32.2 | What's going on, guys? It is Thursday, October 29th, and today we are talking about a mirage recovery. |
| 1:41.0 | What the GDP report tells us about the economy? First, however, let's do the brief. |
| 1:46.0 | First up on the brief today, FTX is launching Bitcoin and crypto pairs for stocks. |
| 1:52.0 | FTX is enabling users to trade 12 with theoretically more coming, equity, and cryptocurrency pairs. |
... |
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.