Deleveraging is a Myth, Debt At Crisis Levels, Says Report
The current economic malaise cannot be understood without analysis of debt dynamics, says a new report from the International Center for Monetary and Banking Studies,The 16th Geneva Report on the World Economy. The peer reviewed study says the true situation with government and personal debt is not being told and certain overleveraged emerging economies – ones that generally avoided the 2008 market crisis – could be headed for a crisis.
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