BREAKDOWN: US Recession Odds Surge Over 70%
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 16 June 2022
⏱️ 18 minutes
🧾️ Download transcript
Summary
Markets increasingly bet on economic downturn as the Fed hikes by 75 bps.
This episode is sponsored by Nexo.io, NEAR and FTX US.
Yesterday, the Federal Reserve increased the target Federal Funds rate by 0.75% – the biggest increase since 1994. While the markets initially popped on the news, stocks subsequently tanked and began pricing in even more economic pain to come. In today’s episode, NLW looks at the growing consensus around the idea that the United States is headed towards a recession.
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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 sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Drew Angerer/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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Transcript
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| 0:43.9 | Wondery, UK. That's audible.com slash Wondery UK. |
| 0:49.8 | Americans feel like the economy is off. And so the Biden camp is left having to convince voters |
| 0:54.9 | either, one, that it's off for different reasons than they believe, i.e. it's not his policies, |
| 0:59.8 | or two, that their feelings are off. That is a brutally difficult argument to have to make, |
| 1:05.9 | whatever truth there may be behind it. You're wrong about what you feel is not historically a winning political |
| 1:12.6 | position. Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the |
| 1:21.7 | big picture power shifts remaking our world. The breakdown is sponsored by nexo.io, near an FTX, and produced and distributed by |
| 1:29.7 | CoinDesk. What's going on, guys? It is Thursday, June 16th, and today we are talking about the odds |
| 1:37.7 | of a recession in the U.S. surging over 70%. Before we get into that, however, if you are enjoying the breakdown, please go subscribe |
| 1:46.5 | to it, give it a rating, give it a review, or if you want to dig deeper into the conversation, |
| 1:51.4 | come join us on the Breakers Discord. It's where we discuss everything from macro to crypto to |
| 1:55.5 | crypto to topics beyond, and I would love to see you there. If you want to find a link to that, you can check out |
| 2:01.7 | the show notes or go to bit.ly slash breakdown pod. Lastly, a disclosure, as always, in addition |
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