1. 00:00 Introduction »
2. 01:44
Can see the three down cycles since 2008 »
3. 01:53
With each crisis there has been a big slide in world inflation »
4. 02:04
Forward inflation expectations have melted in the U.S. since 2014 »
5. 02:35
Growth Back Drop Not All Bad »
6. 02:50
Interest rates have been falling all year in the developing world »
7. 02:53
Generalized foreign currency weakness against the dollar »
8. 04:21
China Back In Deflation »
9. 04:31
Financial Dysfunction »
10. 05:07
PBoC balance sheet contracting despite rate cuts »
11. 05:39
Chinese government boosting fiscal spending »
12. 07:12
Fed Renormalization Completely Out of Synch With Profit Cycle »
13. 07:45
Profit cycle warns of a major deterioration ahead in labor data »
14. 09:08
Problem 3: Dollar Strength No Longer in the U.S. or World's Interests »
15. 09:31
Dollar strength driving EM monetary restraint »
16. 09:51
Dollar strength-U.S. deflationary pressure »
17. 10:51
Central bank balance sheets are contracting »
18. 11:12
CRB bear market? Or Dollar Bull Market? »
19. 13:07
Appendix »