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Far from economist, but I kinda agree. Finance is like 6x larger than real economy hence it really rules the world. That said, wonder what's going to happen wi
by dzhiurgis 4y ago
Far from economist, but I kinda agree. Finance is like 6x larger than real economy hence it really rules the world.
That said, wonder what's going to happen with cost of living and property market going thru the roof everywhere. Riots? Ain't got time for that when you need to feed yourself.
- JumpCrisscross 4y ago> Finance is like 6x larger than real economy How are you measuring this? By conventional metrics, it's less than 10% [1]. [1] https://fred.stlouisfed.org/series/VAPGDPFI https://fred.stlouisfed.org/series/VAPGDPFI
- dzhiurgis 4y agoUnsure - I've heard it over Odd Lots podcast. Could've been sixth?