by Hypothetical, but worth considering the numbers.The conditions are in place for a credit crunch owing to corporate debt if things don't turn around and governments don't step in. The situation is tenuous, and the US government is looking like it is turning back toward debt and deficit phobia based on Biden's economic team and the traditional GOP fiscal conservatism in Democratic administrations, which will be a factor unless Democrats take the US Senate. Michael Roberts Blog — blogging from a marxist economistA credit crash ahead?Michael Roberts
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Hypothetical, but worth considering the numbers.
The conditions are in place for a credit crunch owing to corporate debt if things don't turn around and governments don't step in. The situation is tenuous, and the US government is looking like it is turning back toward debt and deficit phobia based on Biden's economic team and the traditional GOP fiscal conservatism in Democratic administrations, which will be a factor unless Democrats take the US Senate.
Michael Roberts Blog — blogging from a marxist economist
A credit crash ahead?
Michael Roberts