“The biggest threat to advanced economies is that debt will accumulate until the overhang weighs on growth.” GrowthEconomyThreatInvestingDebt Author:Carmen Reinhart
“If there is one common theme to the vast range of crises...it is that excessive debt accumulation, whether it be by the government, banks, corporations, or consumers, often poses greater systemic risks than it seems during a boom.” IfsSeemsGovernmentCommonGreaterRiskCrisisDebtConsumersRangeCorporationsThemeAccumulation Author:Carmen Reinhart
“Perhaps more than anything else, failure to recognize the precariousness and fickleness of confidence - especially in cases in which large short-term debts need to be rolled over continuously - is the key factor that gives rise to the this-time-is-different syndrome. Highly indebted governments, banks, or corporations can seem to be merrily rolling along for an extended period, when bang! - confidence collapses, lenders disappear, and a crisis hits.” NeedsGivingDifferentSeemsGovernmentTermCasesKeysPeriodsCrisisDebtDisappearFactorsCorporationsCollapseRollingBangsShort TermSyndromesIndebtedLendersRolling Along Author:Carmen Reinhart
