BREAKDOWN: The Market Indicator Flashing ‘Recession’
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 30 March 2022
⏱️ 16 minutes
🧾️ Download transcript
Summary
Why the U.S. Treasury yield curve inverted and what it means.
This episode is sponsored by Nexo.io, Arculus and FTX US.
Since 1955, every U.S. recession has been preceded by the inversion of the U.S. Treasury yield curve, meaning that short-dated notes had higher yields than long-dated bonds. Only one time during that period was this a false indicator. On today’s episode, NLW explores yesterday’s yield curve inversion and the market’s interpretation of what they think it means.
-
Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31.
-
Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.
-
FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.
-
Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, TX. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.
-
“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. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Malte Mueller/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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 with me, NLW. |
| 0:09.1 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 0:15.0 | The breakdown is sponsored by nexo.io, Arculus, and FtX, and produced and distributed by CoinDesk. |
| 0:22.8 | What's going on, guys? It is Wednesday, March 30th, and today we are discussing about the |
| 0:27.6 | economic indicator that is flashing recession and how much stock we should put in it. |
| 0:33.9 | First, however, if you are enjoying the breakdown, please go subscribe, give it a rating, |
| 0:38.1 | give it a review, or if you want to dive deeper into the conversation, come join us on the |
| 0:42.9 | breakers discord. You can find a link in the show notes or go to bit.ly slash breakdown pod. |
| 0:48.6 | Also a disclosure, as always, in addition to them being a sponsor of the show, I also work with |
| 0:53.5 | FTX. And finally, |
| 0:55.4 | one more thing. If you haven't bought your tickets yet, I highly suggest you check out |
| 1:00.9 | CoinDesks Consensus 2020, which this year is happening in Austin, Texas, between June 9th and |
| 1:07.4 | June 12th. The event has voices and topics representing a huge cross-section of |
| 1:12.1 | the crypto space. You've got your CZs and SBFs, but also Punk 6-529 and Kathy Wood. It should be a |
| 1:19.8 | really, really good time. If you're interested, you can use code breakdown for 15% off your ticket. |
| 1:25.9 | Check out coindesk.com slash consensus 2020. All right, well, |
| 1:31.1 | there is a lot we could be talking about today. We've got recent comments from Doe Kwan, from |
| 1:37.0 | Terraform Labs, a follow-up to what we were recently talking about, where he's discussing why |
| 1:42.8 | he wants their project to buy so much Bitcoin, |
| 1:46.3 | to have UST connected to the fate of the industry as a whole, to be the single biggest |
| 1:52.2 | holder outside of Satoshi themselves. Now, this line of discussion has actually caused |
| 1:57.7 | some to ask even more questions about this. |
... |
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.