INK Ultra Money: Is the top in for the S&P 500 and time for a jubilee?

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Earlier today, Real Vision delivered  a big picture interview with economist Steve Keen who takes non-mainstream approach to assessing the economy. Since bubbly NASDAQ stocks have not yet managed to make new all-time highs, there is a growing risk that a bearish narrative will take hold as we enter into summer. At that point, Keen's scenario is in play.

  The government is pushing us to gamble
If Keen is right, the pressure will be on governments to spend to keep the economy going because the private sector will be unwilling to increase debt levels. He sets up a nice D-economy versus G-economy showdown where he believes we are destined for economic crisis due to high private level debt unless there is debt jubilee. We would view such a scenario as a G-economy on steroids.

Meanwhile, INK Research picks up on an issue raised by Sean Fieler on Real Vision yesterday who questioned whether Franco-Nevada ( FNV) will be able to live up to growth expectations baked into the stock's valuations. Watch the video here.

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Finally, in the Real Vision Daily Briefing, Raoul Pal assesses the likelihood that we have seen a top in US stock markets. Watch the Free Friday episode here.

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