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Toxic Loans Around the World Weigh on Global Growth

Toxic Loans Around the World Weigh on Global Growth

Yes, this was published a year ago, but it is still as relevant today as it was then.  Good articles like this so rarely come out that it’s worth preserving them for later when things fall apart to understand what happened.

Related article: February 5, 2016 The Chart of Doom: When Private Credit Stops Expanding

Alice Friedemann   www.energyskeptic.com  author of “When Trucks Stop Running: Energy and the Future of Transportation, 2015, Springer]

Eavis, P. February 3, 2016. Toxic Loans Around the World Weigh on Global Growth. New York Times.

Beneath the surface of the global financial system lurks a multi-trillion-dollar problem that could sap the strength of large economies for years to come.

…click on the above link to read the rest of the article…

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