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Yen Carry Trade, Recession odds grow, Buffett cash pile, Google ruled monopoly, Kamala picks Walz
All-In with Chamath, Jason, Sacks & Friedberg
Japan's Debt Problem
- Japan's massive debt limits its economic flexibility.
- Servicing this debt requires economic contraction, higher taxes, or inflation.
- Raising interest rates would make the debt even more expensive, further compressing federal spending.
- Japan already spends 25% of its federal budget on servicing existing debt at low interest rates.
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