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TIP488: Current Market Conditions W/ Richard Duncan
We Study Billionaires - The Investor’s Podcast Network
Creditism Is on the Brink of a Crisis
In the second quarter, total credit adjusted for inflation was down 1.2% year on year. Since our economic system is driven by credit growth, this poses a real challenge to creditism. The Fed is tightening monetary policy very aggressively with aggressive rate hikes. And now property prices are likely to start dropping at a double-digit rate as well.
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