Private capital to enterprises doubled in seven years during the 2000s boom (subprime), causing a recession that knocked 5% of GDP off, followed by recovery at a more sustainable 'much closer to the century average' pace; the eurozone tripled credit in the same timeframe causing a worse, longer crisis.
factualpending
Speaker
Peter ZeihanEvidence Quote
“we had a doubling of credit in seven years...the eurozone...they had a tripling their financial crisis hit harder lasted longer [43:20]”
Created: 8/10/2026, 10:50:00 PM
My Notes
Loading notes...