The Largest Financial Event Of Our Lifetime Is Upon Us - Raoul Pal of Real Vision
The Largest Financial Event Of Our Lifetime Is Upon Us - Raoul Pal of Real Vision
Fantastic interview from Australia with Raoul Pal of Real Vision, who aims to displace mainstream financial journalism.
The US is squeezed. Russia and OPEC undercutting our shale producers creating potential bankruptcies at a time all our corporate balance sheets are overleveraged.
Coronavirus gave them opportunity to do so, as Trump fumbled testing.
So we now have an economy where debt implodes as supply and demand are driven toward zero by the pandemic.
Lots of discussion of demographics, retirement bubbles, housing market, the millennial debt generation, central bank options.
Depression if COVID-19 resurfaces next winter and unravels the pension system.
I tend to ignore the crypto discussion at the end.
Beware there are British-Australian terms unknown to the US. Such as people have never known debt since they were in "nappers". I think it's a term for diapers.
But it's a really great interview.
