4min chapter

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#1093 Giuliano Giacaglia On How A.I. Will Take Over Your Life

The Pomp Podcast

CHAPTER

Why Is There So Much Debt in Cities?

Interest rates in the us are so low, and people can leverage up so much that real state becomes really expensive. With zero % interest rates here in the us, americans have a huge advantage compared to developing countries. In brazil, where i'm from, interest rates are much, much higher. But what's the difference between the average bBrazilian and the average American? It's not a much, right? Compared to the government of the us. Historically, sometimes the us hasiwas back and forth but defely, i think most peple sa, it's more stable. And so that's why interest rates are so low here.

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