From Hope to Insolvency: Has Everything Changed? (w/ Raoul Pal)

• Real Vision Finance
  Real Vision CEO and co-founder, Raoul Pal, kicks off an exciting two weeks of content by explaining why we are endeavoring to answer the ultimate question, “has everything changed?” As well, Pal switches hats into his role as head of GMI to update viewers on his “unfolding” thesis and his own view on the question, “has everything changed?” He argues that the insolvency phase is being signaled by banks, BBB equities, and bond yields while tech stocks are stubbornly stuck in the hope phase, which has morphed into a dangerous speculation phase. He also runs through his outlook for the roster of major global asset classes and explains why he thinks Bitcoin is “the world’s best trade.” Filmed on September 17, 2020.

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