Two-Fifty-Two Percent To GDP
39:12–40:18 · 66s
He warns the U.S. is "over-equitized" with market cap at 252% of GDP, mapping a 35% drawdown to massive reverse wealth effects, tax revenue collapse, and bond stress.
39:12–40:18 · 66s
He warns the U.S. is "over-equitized" with market cap at 252% of GDP, mapping a 35% drawdown to massive reverse wealth effects, tax revenue collapse, and bond stress.
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