The second in The Economist series of articles on the financial - TopicsExpress

The second in The Economist series of articles on the financial crisis looks at the role debt and deleveraging have played in the turmoil. The broadening and deepening of international credit markets that preceded the financial crisis was considered a spur to growth. When disaster struck, however, debt turned from a ladder into a chute. Working out what went wrong has become a preoccupation of economics in recent years econ.st/17UxtQB

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