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

<p><span style="font-weight: 400;">In this episode of The Breakdown, @NLW reflects on the themes that defined an absolutely wild week in global markets and society. </span></p> <p><span style="font-weight: 400;">Those themes include:</span></p> <ul> <li style="font-weight: 400;"><span style= "font-weight: 400;">Unlimited QE - broad new powers (corporate bond buying anyone?) and an unlimited checkbook for the Fed </span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Digital Dollars - a surprise inclusion of a digital dollar in an early Stimulus draft shifts the Overton window</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Narrative 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”</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Stimulus as Corporate Socialism - a huge bailout for businesses explained away by something that Taleb says is decidedly NOT a Black Swan</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">The 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 dead</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Surveillance - a growing concern with surveillance - such as the new CDC program earmarked in the Stimulus package</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Bitcoin difficulty adjustment - as Preston Pysh put it “this thing is so resilient it’s almost laughable” </span></li> </ul> <p> </p> <p> </p>