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
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…