The Capital
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The Capital

A Dangerous Deleveraging Is Lurking Just Around the Corner

Is a virtuous cycle of lending and growth too much to hope for?

Photo by Chris Briggs on Unsplash

With every crisis, we come closer to testing the limits of the financial system. This time around the banks are the good guys, obliging governments and monetary authorities by opening their books and keeping cash flowing through Main Street. The prudential…

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Gordon Toy

Gordon Toy

Writer and analyst based in Melbourne, Australia. Investing, markets, politics, history of economic thought. More at: https://www.gordontoy.com/