Cancer fighter entering the INK Canadian Insider Index

Wednesday on INK Ultra Money we highlight a Canadian Healthcare stock that hit a new 52-week high this week. It is pulling back today along with the broad market. However, its fortunes will ultimately be determined by its scientific efforts. We have made this report and video summary freely available to the Canadian Insider community.

We also hear from venerable macro economist Richard Koo describe his policy prescription for a balance sheet recession.

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1. Cancer-fighting Aptose Biosciences to join the INK Canadian Insider Index - INK Research (free).

Cancer-fighting Aptose Bioscience (APS) will be entering the INK Canadian Insider Index on Friday. INK Research takes a look at the company that has been climbing high up the INK Edge rankings. We have made this video summary and report free for the entire Canadian Insider community, but due to network congestion there may be a delay of a few hours before it shows up on INK Ultra Money Free.

Trials continue despite COVID-19

2. Debt deflation Holy Grail - Real Vision (premium)

Real Vision Managing Editor Ed Harrison talks to Richard Koo, Chief Economist at Nomura Research Institute. Koo is famous for his work on balance sheet recessions, a rare type of recession where drastic liquidity injections fail to increase the money supply because they remain trapped in the financial system, as there's no low demand for loans since companies focus on minimizing debt rather than maximizing profits. He and Harrison discuss this framework in detail, and use it to analyze our current economic crisis the world faces. Koo draws a contrast between the traditional balance sheet recession, where a bursting of a debt-financed bubble causes a collapse in asset prices and an emergence of debt overhang, with what he refers to as a "pandemic recession," where an exogenous collapse of economic activity leads to disappearing income and a tightening of financial conditions. Koo and Harrison also discuss the various toolkits available to central banks and fiscal authorities worldwide, and Koo shares what he thinks what a sound policy response might look like. Filmed on May 7, 2020, over Skype.

Negative rates are an act of desperation

Every Monday to Friday we present the free Real Vision Daily Briefing. Watch the May 12th edition>>