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E28: Current state of public & private markets, Archegos debacle, US debt issues, wealth tax & more
All-In with Chamath, Jason, Sacks & Friedberg
The Debt Service Is Now Worse Than Spain and Portugal
The debt to g d p ratio, is now worse than spain and portugal. If interest rates ever go back up, say because of inflation, like the debt service will be one of the biggest chunks of federal spending. We won't have money left for all the programms that we need a,. you know, including entitlements, including defense, including everything else, you know, the country wants to do. And so it's very dangerous. E the real problem i have with it right now is, everybody can see the economy is getting better, right? It it looks like we're about to have the roaring twenties.
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