The people most likely to survive a crisis are not the fastest, smartest, or strongest, but those able to adapt to changing reality faster than everyone else.

Show Notes:

The Fed's recent repo crisis was the fault of big banks and hedge funds, new study finds

https://markets.businessinsider.com/news/stocks/fed-repo-crisis-fault-banks-hedge-funds-new-study-finds-2019-12-1028748492

2019 Trucking Company Closures So Far Have Doubled All of 2018

https://www.ttnews.com/articles/2019-trucking-company-closures-so-far-have-doubled-all-2018

The Value of Opacity in a Banking Crisis

https://libertystreeteconomics.newyorkfed.org/2020/04/the-value-of-opacity-in-a-banking-crisis.html

Buybacks have long been the stock market's biggest source of buying power — but they're quickly fading and won't come back for years, a new report says

https://markets.businessinsider.com/news/stocks/stock-market-share-buyback-programs-fading-gone-years-coronavirus-bernstein-2020-4-1029068723

Credit and Liquidity Programs and the Balance Sheet

https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm