Introduction

The Breakdown is a daily podcast on macro, bitcoin and the big picture power shifts remaking our world. Today for long read Sunday we are reading a thread from Alex Kruger which is the summarization of research from his firm Asgard markets. In many ways it's all about a recession that seems like it's upcoming. We don't really have a mental model for a recession that isn't predicated on a financial crisis. So this sort of research is really valuable in that light.