Cameron Crise On Fed’s Balance Sheet Problem, Equity Drawdowns and Inflation
Macro Hive Conversations With Bilal Hafeez
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Is There a Lot of Institutional Leverage?
I don't get the sense that there's the degree of institutional leverage that we had in the run up to the g f c. And there's certainly not the household leverage we had inThe crash was a mild recession, it was nothing like the gf c. Do you think that that's the nature of the type the crisis we'll get? It will be kindlike an equity type event, rather than a synctom credit balanche events which could be much more deleterious?" I think that is a pretty good base case scenario," he said.
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