“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.”

@RobSKaplan @neelkashkari @RaphaelBostic @marydalyecon @steveliesman pic.twitter.com/FCIQtr9RQl

— M/I_Investments (@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 t.co/wxRaOAanp9

— Invariant Perspective (@InvariantPersp1) November 18, 2020

#recession … #Fed #inequality edition t.co/75rildIoup

— Invariant Perspective (@InvariantPersp1) November 18, 2020

#recession … #GFC2 US #Debt #Bubble edition t.co/bOC5R0zaQ5

— Invariant Perspective (@InvariantPersp1) November 18, 2020