2min chapter

The Compound and Friends cover image

Where is the Crash?

The Compound and Friends

CHAPTER

The Unwinding of the Bubble

In two years, there was $30 trillion of debt issued at almost a zero rate. The bubble that we have gone through in the last 10 years, there's no parallel in history for the scale of the bubble. "I just can't believe that the popping of that bubble was three little banks," he says.

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