global economy

“You know, it seems like certainly the crypto mania is concerning. I worry that it's going to get large enough to where I'll actually dislocate the global economy just like the real estate bubble did not too long ago.”

“Today, in my probabilistic terms, I'd say there's a 20% scenario that we probability that we end up with a optimistic outcome from where we are, and I can explain why. Maybe a 60% scenario of what I call the Great stagnation, and another 20% scenario of, like,…”

“There's like 11 times as much money that moves hands between businesses than moves hands between consumer and business in the global economy.”

“The CCP approach to industrial policy is not the most innovative, but once an industry has been established and it's about, you know, turning the crank, they are better at turning the crank than any other economy in the world.”