US Current Account Deficit Ex-Oil Worst Ever
Doubled since 2019 as a percentage of GDP
Hugh Hendry: This Could Be More Severe Than 2008
“Desist. Walk away”
S&P 500 Bear Markets
How to engineer a bad outcome…
Mark Spitznagel: Fed Will Never Be Able Normalize Rates Again
“I think we should worry more about deflation is really what I am saying…”
Market Pricing in 75 Basis Point Hike as GDP Forecast Crashes Back to near Zero
Meanwhile Q3 GDP is plunging back near zero
Nasim Taleb: Market Needs to Come Down Further
“Experience in finance with a discount rate near zero is like having studied physics except without gravity”
Visualizing the European Union’s Aging Population by 2100
Demographic nightmare
The Biggest Company in the World, Every Year Since 2000
Guess who’s never missed the list
Nicholas Eberstadt: The De-Population Bomb
Most important overarching problem of the era