3min chapter

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#53: Edward Chancellor On What History Can Teach Us About The True Cost Of Easy Money

Superinvestors and the Art of Worldly Wisdom

CHAPTER

Is There a Great Collapse in Household Net Worth?

Household net worth is running at as it's te 75 or a hundred percentage points of g d p above their long term average. So i think there is inevitably going to be a great collapse in in household wealth. And that therefore, i think any investor who has actually managed to sort of hang on to their purchasing power may actually consider themselves lucky er.

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