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6min chapter
E2: Rebooting the economy, understanding corporate debt, steps to avoid a depression & more with David Sacks
All-In with Chamath, Jason, Sacks & Friedberg
The Debt Crisis in the US
The amount of distress debt in the us. Has quadrupled in one week to a trillion dollars. The federal reserve has decided to become that next credit card issuer, says David Frum. If you bought corporate bonds for 90 cents on the dollar, then there's a chance that everything is ok if they go down 70%, he adds.
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