The "What is Money?" Show cover image

The Ultimate Macro Framework with Raoul Pal (WiM078)

The "What is Money?" Show

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Is This Going to Be the End?

Greenspan cuts rates twice. The banking system saved. Many of the european banks almost wont under then. It was a big deal. And so you've saved one side of the balance sheet. So the world recovers pretty quickly. But what happens then is these baby boomers lose faith in the stock market for a while, for a decade. They think, how the hell are we going to retire? And so it starts again. In the meantime, something ugly is going on: labor force participation rate that peaks a couple of years after all the baby boomers are in the labor force. Women came into the labor force tooin record numbers. Why? Because the household they

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