Debt trap catches central banks
Margin Call: Ultra-low interest rates and high debt make recoveries harder.
The how-low-can-they-go interest-rate environment has seduced some economic commentary to support higher levels of government borrowing.
Plenty of infrastructure projects are available to soak up this cheap money, the argument goes, and the lower repayment costs will in any case be borne by the
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Nevil Gibson
Sun, 22 Sep 2019
Sun, 22 Sep 2019
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Debt trap catches central banks
Analysis,Columns,
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