The Sovereign Debt Spiral | James Lavish
Forward Guidance
00:00
The Effects of the Great Financial Crisis on the Economy
On the government sector, yes, definitely the US is borrowing a ton of money. Whether it's unsustainable, who knows? I mean, there are people who said it was unsustainable in 2010,. And here we are on the banks, I actually think, aren't, isn't true that banks are actually less levered than they were prior to the great financial crisis. Non-financial corporations, I totally yield to you to definitely more indebted, although a lot of them had long-term debt that they issued when interest rates were low. On individuals, I think, they're, I feel like individual credit card revolving debt peaked in like 2000, honestly. And it's been pretty stable since
Transcript
Play full episode
