BREAKDOWN: The Geopolitical Shifts Shaping the Economy, Feat. Demetri Kofinas
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 20 July 2022
⏱️ 49 minutes
🧾️ Download transcript
Summary
A discussion of the hidden forces remaking the global political and economic order.
This episode is sponsored by Nexo.io, Chainalysis and FTX US.
NLW kicks off his “Midsummer Macro” series with a deep dive conversation with Demetri Kofinas, host of the “Hidden Forces” podcast. They discuss the Fed, inflation, the secular shift to stagflation and the tectonic geopolitical shifts that must be understood to truly understand the macroeconomic picture.
Find our guest online: @kofinas | hiddenforces.io
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Nuthawut Somsuk/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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Transcript
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| 0:00.0 | Welcome back to The Breakdown with me, NLW. |
| 0:09.2 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 0:14.8 | The breakdown is sponsored by nexus.com, chain aliasis, and FtX, and produced and distributed by CoinDes. |
| 0:22.8 | What's going on, guys? It is Wednesday, July 20th, and today we begin the midsummer |
| 0:28.4 | macro series with Dimitri Kofinas. Before we get into that, however, if you are enjoying |
| 0:33.9 | the breakdown, please go subscribe to it, give us a rating, give it a review, or if you |
| 0:38.4 | want to dig deeper into the conversation, come join us on the Breakers Discord. You can find a link |
| 0:43.1 | in the show notes or go to bit.ly slash breakdown pod. Also, a disclosure as always, in addition |
| 0:49.1 | to them being a sponsor of the show, I also work with FDX. All right, so as I said, I am kicking off something I'm calling |
| 0:56.4 | mid-summer macro. It is a little mini interview series that's checking in on the state of the |
| 1:02.4 | big picture. I'm starting today with a conversation with Dmitri Kofinas. He is the host of my |
| 1:08.9 | personal favorite podcast, Hidden Forces. The conversation started in |
| 1:13.3 | response to a tweet where Dimitri was arguing that he thought the Fed had a lot more willingness |
| 1:18.0 | to be hawkish than it seemed like the market was giving them credit for. So that's where we start, |
| 1:23.1 | but from there we get into some very high-level discussion around topics, including, most |
| 1:28.2 | interestingly to me, the essential shifts in geopolitics that must be understood as we're trying |
| 1:34.9 | to make sense of this economy. I'm incredibly excited to share this conversation with you, |
| 1:39.5 | so let's dive in. Dimitri, welcome back to the breakdown. How How you doing, sir? I'm good. How are you, |
| 1:45.6 | Nathaniel? I am doing well, enjoying summer. I'm about to go down to Florida, which will be very, very |
| 1:51.7 | hot. Oh, that's exciting. We're a part of Florida. We are headed down to St. Petersburg, where my |
| 1:57.7 | great-grandfather lives, because he has got to meet his great-grandson. |
| 2:01.7 | Great-grandfather. How old is your great-grandfather? Well, so he's my grandfather. He's not, |
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