Bitcoin
$61,974.43+1.37%
Ethereum
$2,996.44+0.61%
Binance Coin
$544.26-0.47%
Solana
$138.27+4.38%
XRP
$0.48450893-1.53%
Toncoin
$6.72+11.82%
Dogecoin
$0.14714186+0.08%
Cardano
$0.44130149-0.98%
Shiba Inu
$0.00002189-0.11%
Avalanche
$33.67-1.14%
Wrapped Bitcoin
$61,054.53+1.75%
Tron
$0.10710205-2.66%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index

Opinion

Bull vs. Bear: Who Has the Economy Right?

From markets to real estate to the dollar to retail, the data on whether the market is recovering or not is hella confused.

By Nathaniel Whittemore
AccessTimeIconJun 24, 2020 at 7:00 p.m. UTC
Updated Sep 14, 2021 at 8:56 a.m. UTC
AccessTimeIconJun 24, 2020 at 7:00 p.m. UTCUpdated Sep 14, 2021 at 8:56 a.m. UTC
(Nataletado/Shutterstock)
(Nataletado/Shutterstock)
AccessTimeIconJun 24, 2020 at 7:00 p.m. UTCUpdated Sep 14, 2021 at 8:56 a.m. UTC

From markets to real estate to the dollar to retail, the data on whether the economy is recovering or not is hella confused.

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.

This episode is sponsored by Bitstamp and Ciphertrace.

The economy is nothing if not confounding right now.

Across every domain, from real estate to oil to retail, there are bull signals and bear signals. 

See also: 6 Things Jobless Claims Tell Us About the State of the Real Economy

Signals we're tracking:

  • Markets - strong stock recovery vs. growth in cash deposits
  • Employment - growth in jobs vs. persistent continuing jobless claims
  • Retail - growth in foot traffic vs. demand destruction
  • Oil - growth in demand (but not in economically productive diesel)
  • Real estate - surge in mortgage applications vs. worst home sales since 2010
  • Dollar - declining confidence vs. there is no alternative 
  • COVID-19 - reduced death rates in the U.S. vs. growing caseload

What’s the answer? Is this just a narrative mirage recovery? Listen and find out.

See also: 5 Numbers That Tell the Story of Markets Right Now

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.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.