US Treasury debt has increased by $2.86 trillion in 2020 (most of it in the past three months) less than the $3.0 trillion increase in the Fed's balance sheet over the same period.
The way the markets are pricing the evolution of the current crisis in combination with the policy response no longer looks like a state of exception, but as a new rule which is here to stay for an extended period of time.
"Through vigilance and creativity, Hertz has now gotten the opportunity to turn things around a bit. If successful, it may be able to reinforce its balance sheet by actually capitalizing on the truly extraordinary set of circumstances that have followed in the wake of Covid-19."
Five times in the last ninety years, elements of the U.S. power structure have tried to oust a sitting president without an election... Two attempts succeeded and three failed.
Real Vision CEO Raoul Pal and Real Vision managing editor Ed Harrison discuss today’s undulating recovery as global equities tried to regain ground lost in…
I thought 2019 was as low as Western culture could go... Now our cities burn while TV cameras focus on vapid, narcissistic, sociopathic talking heads. There are no adults on the stage. But, there are good things coming out of this...
