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We Are In A Scary Debt Spiral With James Lavish

Lead-Lag Live

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Long-Term Capital Management - The Turning Point

In 1998, long-term capital management threatened to take down the entire financial system. They convinced all of these huge investment banks and prime brokerage units to give them massive amounts of leverage. And so that was kind of the start of this whole, you know, cantillonne effect and money printing in that a lot of QE.

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