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Presumably would be $233T less the interest rate that the debt was lent at, right? So if the average debt is created with a 4% interest rate, there is ~ $9 Tri
by cwkoss 9y ago
Presumably would be $233T less the interest rate that the debt was lent at, right?
So if the average debt is created with a 4% interest rate, there is ~ $9 Trillion more in debt than there is in savings. That's almost half the entire market cap of the S&P 500. Unsettling.