I fear that this would lead the breaking of the European Union. Before it was just the Euro,

but when they tied the fate of the European Union or the mechanisms of the European Union to

the Euro, this whole thing may fall apart. That's the gamble they took. And I don't know,

it was a stupid gamble if you ask me.

Welcome back to the breakdown, an everyday analysis breaking down the most important stories in Bitcoin, crypto, and beyond.

This episode is sponsored by BitStamp and Crypto.com.

The breakdown is produced and distributed by CoinDes.

And now, here's your host, NLW.

What's going on, guys?

It is Friday, July 24th, and today we have a returning guest.

Thomas Melanin is back to talk about the European Union's new recovery plan. And interestingly, unlike many of the headlines that we've seen throughout this week,

Thomas is very skeptical and perhaps represents a point of view that is being under-indexed in media right now.

We'll get into that after the brief.

First up on the brief today, let's talk about where jobs are coming back. As I've been saying,

I'm trying to keep a balance of the economic data that is negative as well as the economic

data that is more positive. And frankly, part of the conclusion that leads me to is that we have to get

really specific. We can't look at, quote unquote, the economy as a monolith, just like we can't

look at real estate as a monolith. So let's look at where jobs have been coming back, because

that may give us some insight into what's doing well and what's not. In terms of a

percentage change in employment between April and June, here are the industries that are doing

best. Dentist offices are up over 100%. Personal services, amusements in gambling, clothing

stores, sightseeing transportation are all over 50% as well.

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