2min chapter

The McKinsey Podcast cover image

A peek at the future health and wealth of our global economy

The McKinsey Podcast

CHAPTER

The Importance of the Balance Sheet

In the last 20 years, there was this acceleration worth 160 trillion in paper wealth. This is only done by prices but it says that these assets are scarce. If the housing shortage doesn't continue, then you could have the paper wealth evaporate. A small variation on the balance sheet is actually a large variation in the real economy.

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