Global Macro Update

The Age of Scarcity


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Is the age of plenty over? Economist Bill White says it ended with COVID. Now we’re moving into an age of scarcity—and it’s putting us at war. As Bill puts it, “We're in a war to preserve our market-based, capitalist, democratic system in an environment that is going to be very, very difficult to navigate.”

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Global Macro UpdateBy Mauldin Economics