Raoul Pal kicks off a 3-part course on investing along the business cycle. In Part 1, Raoul looks at the secular drivers of economies and markets, the cyclical trends influencing them, and the evolution of the business cycle in an environment with too much debt. For slides on part 1 of this Academy Sessions click here: https://rvtv.io/TBC-part1 Part 2: https://www.realvision.com/shows/academy-sessions/videos/measuring-the-business-cycle-part-2-24e7 Part 3: https://www.realvision.com/shows/academy-sessions/videos/asset-allocation-across-the-business-cycle-part-3-pqDa