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Downturns in bank credit expansion always lead to systemic problems. We are on the edge of such a downturn, which thanks to everyone’s focus on the coronavirus, is unexpected...

"Restaurant of the Future" 

Belarusian president Alexander Lukashenko said that an air assault brigade would move to Belarus’ Western border in response to NATO exercises in neighboring nations, even as the country reels from massive anti-government protests which Lukashenko has dubbed a "color revolution" orchestrated by foreign agents.

From drive-in strip clubs to drive-in movies to drive-in concerts, to now... 

"Two groups ... suffer the most." 

 

"Looking forward, a falling ERP will outweigh a rise in bond yields, and combined with our above-consensus EPS forecast, will lift the S&P 500 index to 3600 by year-end (+7%). Our prior forecast was 3000."

This is why denormalization is an extinction event for much of our high-cost, high-complexity, heavily regulated economy.

This is going to get awkward...

So firstly the GLD doesn’t own the gold and secondly the gold that it doesn’t own might have been lent multiple times by central banks...

"...still a record-breaking contraction — at least the worst we've seen since the Second World War."

 

 

"We've seen demand skyrocket. We simply cannot keep up." 

The aid had previously mandated that airlines were not allowed to cut service approaches...

"As the pandemic rages on, missed housing payments are continuing to pile up." 

 

 

We're sure she is...

“Bitcoin's futures Open Interest was 8 times higher than ETH's in February. Only 6 months later, it's now about 4 times higher. OI of ETH grew relatively twice faster than BTC...”

"This could be a difficult couple of years for landlords."

 

 

Real Vision CEO, Raoul Pal, is joined by senior editor, Ash Bennington, to reflect on the current state of markets. Raoul and Ash discuss the upcoming …

61% of parents with school-age children said keeping the kids at home might force them to reevaluate their finances...

At 90-years of age, these boom cycles are nothing new. However, he also knows how they end...