Escape Velocity with Lacy Hunt
The ACID Capitalist Podcast
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The World Economy Is Heading for Very Tough Times, My Friend
In Europe, real per capita GDP measured in US $10 is 38% lower than in the US. In Japan, it's almost 20% lower. If you look at the indebtedness of Europe and Japan versus the United States, we're talking 100 basis points to 300 basis points more. And so, the world economy is heading for very tough times, my friend.
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