The Principal Mountains and Rivers of the World – 1823
The first known example of a style that became quite popular during the 19th century
The World’s Leading Causes of Death Visualized
How many people die everyday from various maladies, including Coronavirus
Nassim Taleb: Recessions End up Being Good for Stocks, Booms Are Bad
“But if you walk outside the stock-market… you see nothing but businesses closed. You have entire sectors that will not come back…”
Image: Cattle Air
Unfriendly Skies
QE-Infinity Has Nearly Surpassed All Prior QE Programs Combined
Welcome to the new ‘new normal’
Richard Fisher: FOMC Is Unanimously Opposed to Negative Rates
“Even before the Covid virus, the only index in the world that was lower than it was in 2009, before things turned, was the European banking index”
Leo Kolivakis: Underfunded Pensions Will Force Tax Increases at “Worst Possible Time”
“The reason why they are going to bailout these pensions, to be quite honest with you, is they are bailing out Wall Street”
Map: Chicago in 1918
“First in violence, deepest in dirt; loud, lawless, unlovely, ill-smelling, irreverent, new; an overgrown gawk of a village,”
Peter Boockvar: We Have a Solvency Crisis, Not a Liquidity Crisis
Savings rate headed to double digits
Jim Grant: US Added More Debt in Last 27 Days Than Nation’s First 192 Years
“I think we are looking at the near term forecast of stagflation.”