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Podcast: The Peter McCormack Show
Episode: Why a Currency Devaluation is Likely with Lyn Alden - WBD262
Description: Location: Squadcast Date: Monday 21st September Company: lynalden.com Role: Macroeconomist When COVID-19 struck, governments across the world implemented unprecedented stimulus packages to help what were already fragile economies, which had never fully recovered from the 2008 global financial crisis. While the economy moves in short-term 5-10 year cycles, a larger multi-decade cycle appears to be coming to an end. As governments pursue further rounds of quantitive easing, debt to GDP levels are heading towards what Lyn calls the event horizon, where debt to GDP is over 130% and currency devaluation is the most...