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The Case for Economic Anxiety

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In economy
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On November 2, 2019
What if it’s 2008, but with corporate debt instead of mortgage debt and comparatively little room for monetary stimulus? That’s what my colleague, Andreas Kern, argues in a piece at The Conversation. All American companies are currently sitting on a record US$15.5 trillion in debt, equivalent to about two-thirds of U.S. GDP. Unfortunately, this debt […]

Debt

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In debt , economy , Rhode Island
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On August 13, 2011
Sarah Jaffe has an excellent if depressing piece about the recent spike in consumer debt: So why the jump in buying on credit, if people still don’t have money to spend? Carlos X. Alexandre at Seeking Alpha explained: “…the most logical interpretation is that as other sources of cash are drying up – jobs, equity […]
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