MacroVoices #344 Alex Gurevich: A Deflationary Depression Lies Ahead
Macro Voices
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Hedge Funds - Is There a Cushion Building in 2020?
There was a really big cushion building in 2020 in the world system by so many dollars being supplied in the world financial system that they kind of patted out the situation. Right now this cushion is being sucked out same thing consumers like we're not seeing immediate consumer crisis because everybody's personal balance sheet is pretty good. So nothing blows up right away and I think that's what's happening to emerging markets and it takes a long time to suck those dollars out.
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