Nothing, look at Japan.

Thanks, Jesse. Really appreciate it.

Emma, glad to have you as a viewer. Many thanks

Thanks, Emma. Much appreciated.

The piece in question was filmed in April of 2019. It was not aired because of tone not content. We determined that Jim did not participate in the interview with any sort of open-mindedness or respect for the other guest (Marshall Auerback) and thus it would not be fair to Marshall to air. Civility is a requirement for any piece of Real Vision content that resembles debate. We are not proponents of MMT at Real Vision but we have been covering it because it was clear it was coming and now over a year later it is at our doorstep. You can agree with it or not, but you need to understand it because MMT is here and maybe to stay. The idea that Real Vision has not been an equal platform for those critical of central bank stimulus and MMT is just laughable. We have entire series looking at gold, bitcoin, and with hosts like Danielle DiMartino Booth.

I can comment since I moderated that piece. It was slated to be for April 17th, 2019 in the show format "The Exchange" on MMT with Jim in the anti-chair and Marshall Auerback in the pro-chair. But, the taping didn’t engage on the substance of MMT (questions like what happens to inflation and deficits when MMT policies are followed, etc). And so it got bumped by a piece moderated by Danielle DiMartino Booth. When I got back from vacation, we had already lined up MMT 'inventor' Warren Mosler for an interview in late May. And so we decided to wait for that one instead, as it was likely to be more substantive. The Rickards piece got dropped. We told Marshall and Jim that the DDB piece bumped them and that it wouldn't air and his publicist replied that she understood. We actually did try doing another MMT exchange later in the summer with Rohan Grey (pro) and Kevin Muir (anti). And that one was ok. It was more substantive on questions like what happens to inflation and deficits when MMT policies are followed. But, personally, I came away feeling MMT is a hard topic to do in debate style. That was the last time we did anything on MMT. We'll try maybe one more time though with Stephanie Kelton in interview format.

The piece in question was filmed in April of 2019. It was not aired because of tone not content. We determined that Jim did not participate in the interview with any sort of open-mindedness or respect for the other guest (Marshall Auerback) and thus it would not be fair to Marshall to air. Civility is a requirement for any piece of Real Vision content that resembles debate. We are not proponents of MMT at Real Vision but we have been covering it because it was clear it was coming and now over a year later it is at our doorstep. You can agree with it or not, but you need to understand it because MMT is here and maybe to stay. The idea that Real Vision has not been an equal platform for those critical of central bank stimulus and MMT is just laughable. We have entire series looking at gold, bitcoin, and with hosts like Danielle DiMartino Booth.

Haha! We've all been there. Busy markets!

If it weren't for my wife, that plant would be dead now. She's the only one watering it. And she never comes into the basement these days since it's 'my film studio' now. I'll tell her viewers noticed our neglect!!

Update: My wife has taken IMMEDIATE action and swapped out the plant. Thanks, John. Tell us if you like the new plant.

Will do

I try to steer clear of COVID to be honest. But it has such a dramatic economic impact that we have to consider it. The question for me is not epidemiological though; it’s strictly about the impact on consumption and business closures.

We’ll get it right eventually. Lol!

It’s either tailored, altered, or he got very lucky with the fit if it’s off the shelf. Just go to a tailor and get a shirt made for a similar fit

Nothing fancy, https://www2.hm.com/en_us/productpage.0781758008.html Combination of being very lucky with the fit and working out several days a week :)

Is he a Chelsea or a Man City fan though?

Cheers, Ron. Louise, Roger is Man U, I'm Chelsea.

Thanks for the feedback, Peter. And I fear you're right on the hospitalizations. We're still in the delay between case count, hospitalizations and deaths and economic pain. So there's still hope the US can overcome this blow. I am realistic enough to think the base case is a W now. As for LFC, I'm actually a Chelsea fan, though I admire Klopp. I was watching, but not during the taping because the streaming would have killed my video quality.

LOL! I had to give you a thumb's up for that one. Two things on that though: first I misspoke talking about Liverpool missing out on first division glory for 40 years instead of 30 years. And I'm a Chelsea fan, even worse! I like Klopp though and am impressed by the way Liverpool play. Klopp's done great things for them.

Hear hear, my brother in law works for Aon, 50,000+ employees and 20% pay cut across the board indefinitely, so they are essentially 80% employed while being 100% employed

Good point...there are some interesting data points, as well as just anecdotal evidence, pointing to 20%+ salary cuts for white collar workers (who don't qualify for any govt support/benefits because they are still technically employed)...these salary cuts obviously won't be reflected in unemployment numbers but they will have a negative impact on consumer spending and confidence, and will have subsequent knock-on effects with mortgages and other debt repayments. Remember these aren't pay freezes but sizeable and immediate salary reductions. Spending habits of white collar workers also likely to change dramatically as year-end bonuses evaporate If employers can't make the P&L work even with salary cuts, then a potential wave of white collar lay offs later in the year is coming and will ripple out, further impacting leisure, house sales, autos, retail, travel, hospitality etc

LOL

Excellent read - thanks for sharing Brent.