Many Happy Returns cover image

What Will Cause The Next Market Crash?

Many Happy Returns

00:00

The Importance of Long-Term Borrowing in Financial Systems

Mortgage defaults are near record lows, and there's very few credit card delinquencies. So it doesn't seem like people are under much financial stress in the aggregate. And that's why I think having some kind of long-term borrowing in any financial system is really important.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app