Day: March 25, 2016

The Origins of the GFC
Financial Markets
Chris MacIntosh

Here it Comes… Again!

The origins of the GFC are more or less understood… The American consumer, tipsy at first, increasingly drunk and finally blind drunk, began throwing up. The drink: debt. Enormous amounts of debt, secured against ever rising home values, used to finance increased consumption (with historically low interest rates engineered by central

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