Managing editor Ed Harrison welcomes Real Vision’s new president, Travis Kimmel, to the Daily Briefing. Travis shares his Real Vision journey from an entrepreneur to a self-taught investor and outlines his macro framework for thinking inflation, credit creation, and currency flows. Travis explains why he isn’t fully convinced by the reflation narrative and why he believes that fiscal aid is more likely papering over the cracks than truly providing economic stimulus. Travis shares his view of Bitcoin, which he calls “a curious beast” and “a tabula rasa for narratives.” Lastly, Travis tells Ed about his concerns about the stable coin Tether. In the intro, Real Vision’s Haley Draznin examines the markets reacting ahead of President-elect Biden’s stimulus speech this evening, and the implications of the jobless claims rising.