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Oct 19, 2023Liked by Avid Commentator

Tarric,

nice summary!

consider:

just prior to the GFC, the US housing mk value - 27.4Tn, debt was 9.3Tn, and pop was 305m

anyone can do the multiples re Oz.

Sadly - the kitchen sink has been thrown

its now big enough to actually imperil our banking system.....

just imagine if we had a productive economy

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