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BREAKDOWN: As Economic Indicators Get Worse, the US Revs Up the Next Multi-Trillion Stimulus

Author
CoinDesk
Published
Sat 25 Jul 2020
Episode Link
None

The Breakdown Weekly Recap covers growing US-China tensions, worsening job numbers and the next casual $1T-$3T in stimulus.
This episode is sponsored by Bitstamp and Crypto.com.
This week on the Breakdown Weekly Recap, NLW covers:

A terrible week for U.S.-China tensions, with dueling consulate closures and a strikingly hawkish speech from U.S. Secretary of State Mike Pompeo

Worsening economic indicators, particularly around jobless claims which saw their first weekly rise in four months

The likely size of the next U.S. stimulus bill – $1T to $3T.

This week on The Breakdown:
Monday | What Is GPT-3 and Should We Be Terrified? 
Tuesday | What’s Behind the Fed’s New Push to Promote Inflation? 
Wednesday | A Simple Explanation of DeFi and Yield Farming Using Actual Human Words 
Thursday | Will Big Tech Enable or Destroy Small Business? Feat. Sahil Bloom
Friday | Could the European Recovery Plan Actually Break Europe Apart? 
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