Jun 13, 2020
The stock market has long been disconnected from the underlying economy, but much of what happened this week - particularly the pumping of bankrupt company stocks - suggests that something new is afoot.
In this episode, NLW breaks down three long-term trends suggested by the so-called Robinhood Rally, including:
This week on The Breakdown:
Monday | Why War Reporting Is the Right Mental Model for Today’s Media, Feat. Jake Hanrahan
The founder of Popular Front joins NLW for a discussion about protests, media and how the people being covered tend to not reflect divisive politics.
Tuesday | What the Stock Market’s ‘Robinhood Rally’ Means for Bitcoin
The largest 50-day rally in stock market history and even shares of bankrupt companies are up more than 100%. What is going on?
Wednesday | A Vision for Digital Property Rights, Feat. Nic Carter
Most people today look at social platforms like any other private company, but what if we saw them as alternative jurisdictions with a new set of property rights?
Thursday | Why the Fed Keeps Denying Its Role in Increasing Inequality
The Federal Reserve expects low inflation, says rates will stay close to zero through 2022 and keeps lying about the role of central banks in increasing inequality.
Friday | Bitcoin Is More Than an Inflation Hedge
While fears of a “great monetary inflation” have driven the recent bitcoin narrative, other aspects like censorship resistance and peaceful protest matter just as much.
Saturday | The Chad Index Versus Doomer Internet Money: The Breakdown Weekly Recap
This week, the wildest, most nonsensical, volatile part of the market wasn’t bitcoin, it was the “Robinhood Rally” in equities.