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Insiders VS Outsiders

The David McWilliams Podcast

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Introduction

The South of France is full of Russians. It's not a new thing. The biggest emerging market before the First World War was Imperial Russia. Big single investor was France because the French were in a historic alliance with Russia. And that's why the French went into the Great Depression in a totally neurotic state. To understand the economy, you have to understand human nature.

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