The midterm effect, and a crypto collapse

The Indicator from Planet Money

NPR

Business

4.7 • 9.2K Ratings

🗓️ 12 November 2022

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Crypto? Not doing well right now. But stocks? With elections soon to be behind us, history says they should be on the rise. This week's indicators explain the story behind FTX's bankruptcy and why markets love midterms.

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Transcript

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0:00.0	NPR.
0:11.6	This is the Inticator from Planet Money.
0:13.2	I'm Darian Woods and today I'm joined by one of my favorite people from the wider Planet Money Universe.
0:18.9	Sarah González, welcome to the show.
0:20.9	You're one of my favorite people, Darian D.
0:24.7	And you are here for Indicators of the Week.
0:26.7	I'm feeling it. I'm ready.
0:28.5	Alright, we've got two indicators today.
0:30.5	One is about FTX, a giant cryptocurrency exchange that just filed for bankruptcy.
0:36.5	And how the stock market reacts to midterm elections.
0:40.5	That's all coming up after the break.
0:47.5	This message comes from NPR, sponsor Fundrise,
0:50.5	a platform that makes investing in high-end real estate easy.
0:53.5	You tell Fundrise your investing goals
0:55.5	and Fundrise puts your money into the real estate deals that are right for you.
0:59.5	Sign up for free at Fundrise.com slash indicator.
1:03.5	Alright Darian, you're up first with this like major crypto exchange
1:07.5	that is basically imploding right now. Where do we start?
1:11.5	Yeah, so my indicator is $32 billion.
1:15.5	Big indicator.
1:16.5	That's huge. It's the amount of value that is disappeared from FTX.
1:19.5	Earlier this year, investors were valuing it at $32 billion.
	...

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