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A peek at the future health and wealth of our global economy
The McKinsey Podcast
The Implications of the Balance Sheet Reset
In the 1970s, house prices went down in some markets by 20 and other by 40. The mimicking event was what happened in Japan in the real estate crisis. That's restructuring, readjusting costs, resetting, balance sheets, taking the bubbles out. Productivity acceleration seems to be by far the most desirable outcome.
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