BREAKDOWN: The US Economy's Declining GDP Surprise

CoinDesk Podcast Network

CoinDesk

Business News, News, Daily News, Tech News

4.7 • 698 Ratings

🗓️ 30 April 2022

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

🧾️ 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. - From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now. - 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, 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. - “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. 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 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.
	...

Please login to see the full transcript.

Previous episode | Next episode

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.