It's a game of psychology, and you can really challenge it and create.

If you can change behavior, you can change history.

If you can get in people's minds and make them think differently, you change history.

Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

The breakdown is sponsored by crypto.com, BitStamp, and nexo.io, and produced and distributed by CoinDes.

What's going on, guys? It is Tuesday, September 1st. Welcome to a new month. Welcome to when,

in my brain, fall starts. You know, each month I like to look back at the debates and discussions

we've had over the previous four weeks or so and try to understand what they taught us about the

economy and the world that we live in more broadly. From a macro perspective, this month was

dominated by questions of inflation. We saw gold smashed through its psychological barrier

of $2,000 an ounce, and of course, the month culminated in the Fed's policy

shift around average inflation targeting. So I want to go back now with a number of the guests

from the breakdown and see what we learned. Let's start with Tony Greer, a trader whose episode

actually dropped on the last day of July.

He introduced a concept which seems highly useful in understanding the psychic fracture that has characterized this whole year.

That concept is financial postmodernism.

Figuring out the economy is a very slow-moving process, you know, as you can see by the data

that's coming out and sending all kinds of mixed signals.

But the market is very immediate right now, you know, with volatility up around 20, you know,

the VIX around 25, 30, you know, the market is firing off in all kinds of different directions and not being shy about the footprints that it's leaving.

You know, so it's really, really intense time to follow the markets.

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