Ray Dalio and Big-Picture Power Shifts

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 8 October 2022

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by Nexo.io, Circle and FTX US. On this edition of the “Weekly Recap,” NLW looks at a slew of Federal Reserve comments indicating that no pivot on interest rates is on the horizon. He also reads a set of Ray Dalio threads as the famous hedge funder transitions away from his firm. - Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io. - 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. - I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: Kimberly White/Getty Images for TechCrunch, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.2	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, Circle, and FtX, and produced and distributed by CoinDesk.
0:22.8	What's going on, guys? It is Saturday, October 8th, and that means it's time for the weekly recap.
0:28.8	Before we dive in, a quick note, there are two ways to listen to the breakdown.
0:33.6	You can hear us on the CoinDesk Podcast Network feed, which comes out every afternoon and features
0:37.6	other great shows alongside the breakdown, or you can listen on the breakdown-only feed, which
0:42.0	comes out a few hours later in the evening. Wherever you listen, I would so appreciate it if you
0:46.5	would take the time to leave a rating or a review. It makes a huge difference. Also a disclosure,
0:52.1	as always. In addition to them being a sponsor of the show,
0:54.6	I also work with FTX. And finally, I want to tell you about CoinDesk's new event, the investing in
1:00.3	digital enterprises and asset summit or ideas. Ideas is designed to facilitate capital flow and
1:05.6	market growth by connecting the digital economy with traditional finance. Join CoinDesk October 18th and 19th in
1:11.5	New York City for a 360-degree investment experience where you can source and invest in the next
1:16.8	big deal in digital assets. Use code breakdown 20 for 20% off a general pass and register
1:22.1	today at coindesk.com slash ideas. So let's actually recap this week, shall we? When it comes to markets, the beginning of the
1:30.7	week saw some serious excitement. We even had the nerve to ask if we were in store for another
1:36.3	October. Bitcoin hit 20,000 for the first time in three weeks. Stocks had two back-to-back
1:42.8	bonkers rally days in a row, but many out there had
1:47.0	the feeling that it might not really be based on, well, much of anything. Instead, it seemed like
1:52.5	it was part of a narrative mini cycle that we've seen over and over for the last few months.
1:57.4	That cycle is step one. Markets get excited about the idea of a Fed pivot. The reason could be anything.
	...

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