Global capitalism has 3 big asset classes Equities – $109trn Debt securities public/private – $123trn Real estate = c. $326

Global capitalism has 3 big asset classes
Equities – $109trn
Debt securities public/private – $123trn
Real estate = c. $326 trn of which $258trn residential.
Chartbook #171 on the risk of a ramifying global housing crash triggered by i.r. shock.
adamtooze.substack.com/p/chartbook-17… https://t.co/JNxc2dDP52

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