BREAKDOWN: From Corporate Socialism to Dying for the Dow: 7 Themes That Defined the Week

In this episode of The Breakdown, @NLW reflects on the themes that defined an absolutely wild week in global markets and society. 

Those themes include:

Unlimited QE - broad new powers (corporate bond buying anyone?) and an unlimited checkbook for the Fed Digital Dollars - a surprise inclusion of a digital dollar in an early Stimulus draft shifts the Overton windowNarrative Shift to “Grandma Dies For The Dow” - narrative analysis that suggests that the “just the flu” of two weeks has become “business closures will kill more than COVID”Stimulus as Corporate Socialism - a huge bailout for businesses explained away by something that Taleb says is decidedly NOT a Black SwanThe Last Break of Institutional Trust - jobless claims were 4x higher than the previous record on the same day the stock market went bull again - trust in leadership is deadSurveillance - a growing concern with surveillance - such as the new CDC program earmarked in the Stimulus packageBitcoin difficulty adjustment - as Preston Pysh put it “this thing is so resilient it’s almost laughable”

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