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TIP565: Why Buffett is Doubling Down on Japan w/ Dan Rasmussen
We Study Billionaires - The Investor’s Podcast Network
The Financial Accelerator and the Banking Crisis
Ben Bernanke found that small shocks can lead to big crises. The level and amount of debt that's being circulated really, really matters. When financial intermediaries stop lending, they're cutting off credit. And so what ends up happening is that small companies get hammered in the stock market.
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