Unedited by Larry Chiang
It’s not a war this time. It’s just a relatively slow-moving runaway train. Private debt was pushed up to the sovereign level post-GFC, and now that interest rates aren’t going structurally down anymore, debts and deficits actually matter
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WTF zone is not a war like WWI or WWii… It’s just a relatively slow-moving runaway train.
Private debt was pushed up to the sovereign level post-GFC, and now that interest rates aren’t going structurally down anymore, debts and deficits actually matter.
e on
https://www.YouTube.com/watch?v=ejeIz4EhoJ0
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