"US equities on a P/S basis just hit its highest level on record at 2.7X. Trading in the 100th percentile of its historical distribution over 40 years."

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@RobSKaplan @neelkashkari @RaphaelBostic @marydalyecon @steveliesman pic.twitter.com/FCIQtr9RQl
— M/1_LP (@MI_Investments) November 18, 2020

Another major spike.
Treasury holdings by banks relative C&I loans just hit a fresh record.
Again:
Banks are now lending more to the government than to businesses/households.
There is only one solution to this wall of debt…
That‘s monetary debasement. pic.twitter.com/dETM6Vy1UX
— Otavio (Tavi) Costa (@TaviCosta) November 18, 2020

#recession … #Centralbanks Pushing on a String edition https://t.co/wxRaOAanp9
— Invariant Perspective (@InvariantPersp1) November 18, 2020

#recession … #Fed #inequality edition https://t.co/75rildIoup
— Invariant Perspective (@InvariantPersp1) November 18, 2020

#recession … #GFC2 US #Debt #Bubble edition https://t.co/bOC5R0zaQ5
— Invariant Perspective (@InvariantPersp1) November 18, 2020

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