The 2023 Recession with Coinbase's David Duong
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 3 October 2023
⏱️ 69 minutes
🧾️ Download transcript
Summary
Joining us today is the Head of Research at Coinbase, David Duong, and macro is on the menu.
We’re talking yield curves, election fears, US equities, and if macro economics is even real.
And finally, David walks us through the recession. Is it delayed, is it cancelled, is it already here?
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RESOURCES
David Duong
https://www.linkedin.com/in/david-duong-cfa/
Quarterly Outlook: Crypto Markets in 10 Charts
https://www.coinbase.com/institutional/research-insights
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Chapters:
0:00 Intro
9:38 Is Everything Going Alright?
13:09 Is Macro Economics even Real?
16:43 Government Fiscal Spending
21:44 Election Impact
24:11 US Exceptionalism?
29:14 The Impact of Fiscal Stimulus
38:30 How important is Cash?
45:29 US Equities
52:23 Student Loans
56:39 Recession Talk
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Transcript
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| 0:00.0 | Thankless Nation macro is on the menu for the special live stream that we are doing. |
| 0:11.6 | Whatever happened to the recession, as the question on my mind and on David's mind, |
| 0:16.1 | we're going to ask that of our next guest. |
| 0:18.1 | Was it delayed? |
| 0:19.1 | Was it canceled? |
| 0:20.1 | Or maybe it's already here, and we just don't know it yet. |
| 0:23.5 | David, we have that head of research on from Coinbase, and our guest's name is also |
| 0:29.0 | David. |
| 0:30.0 | So I am between two David's on today's episode. |
| 0:33.1 | You are. |
| 0:34.1 | Introduce the topic for us. |
| 0:35.4 | I don't know yet. |
| 0:36.4 | I can't wait to experience the David effect, but why are we talking about macro, and who do |
| 0:41.1 | we have on today? |
| 0:42.1 | The time for macro for 2022 was the year of macro, and macro has you all flustered, right? |
| 0:50.4 | Okay. |
| 0:51.4 | For a while, it was the theme that we wanted to talk about is macro macro macro. |
| 0:55.1 | The last time I think we talked about macro was the Silicon Valley banking crisis. |
| 0:59.6 | I don't even know if that's considered macro, but all of a sudden, macro seems to have |
| 1:03.9 | been gone from the limelight. |
| 1:06.7 | And so the question is, like, why are things so quiet? |
| 1:10.4 | Are things, are we in the all clear? |
... |
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