Guess what will be the primary driver of recovery in Germany in 2021! Yup. EXPORTS @DeutscheBank @SoberLook thedailyshot.com/2021/02/25/ame… https://t.co/vI6sThjuUS

US mortgage market has expanded 50% since 2008 with banks and Fed absorbing new issuance. @MorganStanley via @SoberLook Almost all of new mortgages are GSE

The Eurozone will bounce back in 2021 but nowhere near fast enough given impact of 2020 shock! @gavekal via @SoberLook thedailyshot.com/2021/02/25/ame… More grist to the