Episode 1088 • • 1:35:17 - 1:38:22
1088: Three Chambers
Greek Special Purpose Vehicles, Student Loan Debt Crisis
Greece has created a "special purpose vehicle" to manage bad debt, a move the hosts compare to accounting tricks used during the 2008 financial crisis. They identify the $1.5 trillion in US student loan debt and rising healthcare costs as potential catalysts for the next depression. A humorous vision of a future depression features piles of abandoned e-scooters and dockless bikes.