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Updated on
2 Jun 2020
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Question about English (US)
What does the recording
source: https://www.youtube.com/watch?v=CIIgJq27HHA
around 33:39 mean?
What does the recording
source: https://www.youtube.com/watch?v=CIIgJq27HHA
around 33:39 mean?
source: https://www.youtube.com/watch?v=CIIgJq27HHA
around 33:39 mean?
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2 Jun 2020
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- English (US)
33:39-33:57 "It is this increasing American trade deficit that kept...globalized capitalism in rude health. Now of course, the question then is, how was it being paid for? Because Greece had a big deficit, and look at what happened to us. (audience laughter) "
My summary of the few seconds: He says America's continuous spending (even though America was already in debt) kept the global economy very healthy. He then asks us to wonder how this was being paid. Greece also had big debt, but how come Greece is not doing as well as America?
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