Top 50: WMs on whether debt could cause another global crisis
22 March 2022
Publication · Reading time: 2 minutes
National over-indebtedness is viewed as a rising risk by credit managers and market participants.
During the financial crisis of 2008, and in its aftermath, increasing debt, mainly raised by private companies, worried economists.
In the following years, private companies and households did not manage to deleverage, and at the same time, governments issued more debt. This expanded the balance sheets of the European Central Bank and the US Federal Reserve. With more and more quantitative easing and loose monetary policy, markets became accustomed to injections of cash…
Read the full article at Citywire.
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