The Impact of the $550 Billion Infrastructure Bill on Inflation and Crypto

Real Vision: Finance & Investing

Real Vision

News, Business News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 11 August 2021

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

DB-Aug10,2021: Ash Bennington welcomes Tony Greer of TG Macro to analyze the day's price action as well as discuss the economic ramifications of the $550 billion infrastructure bill as it passes in the Senate and how the crypto tax reporting rules in the bill will affect the digital assets space. Greer examines gold’s flash crash from earlier in the week and provides an update on how he’s thinking through other sectors such as commodities, equities, and bonds. The pair also explore how the infrastructure bill passing in the Senate could amp up the inflationary pressures the U.S. economy is currently facing and what it means for the crypto space and for those who invest in crypto assets. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	This episode is brought to you by Kraken.
0:03.0	Crypto is like the financial system, but different.
0:07.0	It doesn't care where you come from, what you look like,
0:10.0	your credit score, or your outrageous food delivery habits.
0:13.0	Crypto is finance for everyone, everywhere, all the time.
0:18.0	Visit Kraken.com slash see what crypto can be to learn more.
0:22.0	Don't invest unless you're prepared to lose all the money you invest.
0:25.0	This is a high risk investment and you should not expect to be protected
0:28.0	if something goes wrong.
0:41.0	Welcome to the Real Vision Daily Briefing.
0:43.0	It's Tuesday, August 10th, 2021.
0:45.0	I'm Ash Bennington.
0:46.0	Once again, it's TG Tuesday.
0:49.0	Today and every Tuesday for the rest of August, Tony Greer
0:53.0	will be joining us on the show.
0:55.0	Here's what we're looking at right now.
0:57.0	The S&P 500 took out another all time high today.
1:01.0	And then the NASDAQ decline looks like the NASDAQ is off around 0.49%.
1:08.0	S&P closing out the day at 4,436.
1:13.0	NASDAQ closing out the day at 14,788 again for 0.49% decline,
1:21.0	just about half a percentage point.
1:24.0	The Senate passed a $1 trillion infrastructure bill today on a bipartisan basis.
	...

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