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.

What's going on, guys? Today we are talking macro going a little bit wider than we normally do.

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All right, friends, well, as you know or will have heard on some other episode, this week,

we are celebrating my wife's 40th and her mom's 70th birthday, and thus are doing some international travel. Partially then you will get a few really fun interviews, but I'm also doing a couple

of pre-planned shows, taking a chance

to look at some things that often get shunted and pushed away with all the crazy crypto news

at the beginning of this bull market.

Today, for example, we are going to look at the macro sphere and even go a little bit beyond

the Fed.

Now, if you didn't listen to my Fed show last week, the TLDR is that Powell did nothing.

But in this case, doing nothing was actually a little bit unexpected.

People had thought that perhaps, with a slight resurgence or stickiness of inflation, let's say,

that we might hear a more hawkish tone from Jerome Powell, but that's not really what we got.

In effect, he sort of seemed to shrug off this last couple

set of numbers, and in some ways it felt like he was saying, in the same way they didn't get too

excited at the end of last year, when numbers were looking better than they had anticipated,

they also weren't going to freak out and get all stressed when numbers weren't looking

...