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 Zeihan

Evidence 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]

Source

Peter Zeihan - 2019 Land Investment Expo - "Millennial consumption"PeoplesCo
Created: 8/10/2026, 10:50:00 PM

My Notes

Loading notes...