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

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.

• 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 window”
• Narrative Shift to “Grandma Dies for the Dow” – narrative analysis that suggests 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 Swan
• The Last Break of Institutional Trust – jobless claims were four times higher than the previous record on the same day the stock market went bull again – trust in leadership is dead
• Surveillance – a growing concern with surveillance – such as the new CDC program earmarked in the stimulus package
• Bitcoin difficulty adjustment – as Preston Pysh put it, “this thing is so resilient it’s almost laughable”

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.