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Revenge of the Old Economy & How to Invest in the Commodity Supercycle | Jeff Currie
Hidden Forces
We're Going to Be Living Through a Spare Period
We're talking 11 trillion dollars of excess savings that were built up over the last 20 years. The only thing large enough to accommodate it was the us Treasury market. Can these countries spend that money? Absolutely yes. They don't need to recycle it back into us Treasuries or anything like that. In fact, what would you do at eight and a half % inflation? Spend it. And then ask yourself: Why didn't you do this before as diversify these economies? I think it was that whole idea of globalization in what you were really trying to do is focus on two good things - local consumption and foreign investment. That's where we are right now. We haven't even
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