DISRUPTORS: Demand Destruction and the Exponential Age With Raoul Pal
The Delphi Podcast
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The Fed Balance Sheet Is an Offset to the Labor Force Participation Rate Fall
Debt has basically offset the increase in asset prices over the last forty years. People have borrowed money to try and make themselves wealthier, because it's their wages didn't go up but fixed assets did. And we've got the most indebted nomy in all history. So that tells you that the economy, over time, doesn't stand on its own two feet. The fed need to keep injecting money into the economy, which leads to more people taking of more debt so they can participate in that. This is consistent everywhere in the world. Everywhere the central bank er, er balanc increases. We'll start hitting nine and a half trillion, ten trillion dollars. And we probably keep going
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