My Favorite Charts from 2020
The end of the world as we know it is apparently bullish for stocks
Daniel Lacalle: Over Reliance on Stimulus Is Cause of Ever-Weaker Recoveries
Why tackle our kafkaesque tax, regulatory, and healthcare systems when you can just print and spend
Chart: Census Hiring Spree Starts
The highly temporary nature of those jobs is something to keep in mind
The Death of the ‘New Deal’ – Time for the ‘Real Deal’
Now is the time for free-market advocates to rally around a hopeful and believable ‘Real Deal’
The Most Important Number for the US Economy
The number of people receiving unemployment benefits
Grant Williams: Heading for Extreme Outcomes, Monetary Reset
“The ingredients that you needed for a reset of the monetary system… were basically social unrest, political unrest, and financial unrest”
Lyn Alden: We’re Seeing World War II Era Monetary Policy
Gold has been outperforming the S&P 500 since 2018
Daniel Lacalle: Eurozone Recovery to Be Particularly Slow and Painful
A “very very long and difficult process”
The End of a 40 Year Era and the Mystery of What Comes Next
We are approaching a long term inflection point that will define the coming decades
David Rosenberg: ‘Conspicuous Consumption’ May Be Coming to an End
Every cloud has its silver lining