The Compound and Friends cover image

The Compound and Friends

The Biggest Mystery on Wall Street

Sep 19, 2023
01:37:51
Snipd AI
Bloomberg reporter Zeke Faux joins the hosts to discuss his book on crypto frauds. They explore shady characters in crypto, the mystery of Tether, and Mark Cuban's loss with MetaMask. They also discuss the unusual economic cycle, earnings season reactions, and the holdings of Hollywood agencies. Additionally, they play a guessing game about an under pressure company and discuss the potential of 2023.
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Podcast summary created with Snipd AI

Quick takeaways

  • Despite expectations, the US has not entered a recession, with the unemployment rate remaining low.
  • Tether, a stablecoin, is widely used in the crypto community despite concerns about its backing.

Deep dives

The Historic Non-Recession

Despite an unprecedented interest rate hiking cycle, the US has not entered a recession. Nearly all leading indicators suggested a recession should have already occurred. However, the unemployment rate remains at 3.5%, indicating a robust economy.

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