BREAKDOWN: The US Economy's Declining GDP Surprise
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 30 April 2022
⏱️ 15 minutes
🧾️ Download transcript
Summary
Plus a look at other institutional and regulatory stories.
This episode is sponsored by Nexo.io, Arculus and FTX US.
On this edition of the “Weekly Recap,” NLW looks at the surprise GDP decline in the U.S., as well as wraps up other stories from the macro environment, regulatory sphere and around institutional adoption.
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Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. 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.
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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 sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: skynesher/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. |
| 0:09.1 | 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 Saturday, April 30th, and that means it's time for the weekly |
| 0:27.9 | recap. Before we get into that, however, if you are enjoying the breakdown, please go subscribe |
| 0:33.1 | to it, give it a rating, give it a review. And of course, if you want to get deeper into the |
| 0:37.6 | conversation, come join us on the Breakers Discord. You can find a link in the show notes or go |
| 0:41.7 | to bit.combe, slash breakdown pod. Also, a disclosure as always, in addition to them being a |
| 0:47.2 | sponsor of the show, I also work with FTX. And finally, if you are not registered yet, I highly suggest you check out CoinDesk's |
| 0:56.6 | Consensus 2020. It's happening June 9th through June 12th in Austin, Texas this year. And what |
| 1:03.1 | makes this event cool is that it is really about the full breadth of this space, everything from Web3 |
| 1:09.7 | to Metaverse to Bitcoin and everything else in between. |
| 1:13.6 | It's designed for newbies, investors, entrepreneurs, developers, and everyone else as well. |
| 1:19.3 | If you are interested in attending, you can use Code Breakdown to get 15% off your pass. |
| 1:25.5 | Go to CoinDesk.com slash Consensus 2020. And again, that's code breakdown for 15% off. |
| 1:33.3 | All right. So this week, we are doing a true weekly recap. We're looking at a bunch of the stories |
| 1:37.6 | from the week, some of which I've mentioned, others of which I haven't spent as much time on. |
| 1:41.6 | And we're going to start with the numbers and the macro landscape. |
| 1:46.1 | We continue to be in a scenario where everything, all these markets, technology, the NASDAQ, |
| 1:53.0 | Bitcoin, is in some way shaped by the broader macroeconomic scenario. And in particular, |
| 1:58.6 | right now, that means inflation and the Fed's response to |
| 2:02.5 | inflation. This week, however, the big unfund surprise was that US GDP declined 1.4% last quarter. |
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