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