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Credit Bubbles (Pearlstein)

Beware the ‘mother of all credit bubbles’ by Steven Pearlstein published by The Washington Post (6/2018). “…As before, the cash-outs are helping to drive debt – corporate debt – to record levels. As before, they are adding a short-term sugar high to an already booming economy. And once again, they are diverting capital from productive long-term investment to further inflate a financial bubble – this one in corporate stocks and bonds – that, when it bursts, will send the economy into another recession.”

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