In so doing, this flow of saving helped to
fuel a credit boom and risk - taking in major advanced economies, particularly in the United States, thereby sowing the seeds of the global financial crisis.
Not exact matches
The
credit boom has been
fueled by strong economic growth, a robust property market and a crackdown on riskier shadow lending, which has forced banks to shift some loans back onto their balance sheets.
The operative question was, how much was mortgage
credit and stock market
credit fueling a financial
boom that increased the prices at which assets were being transferred above what it would cost someone to simply create these assets afresh.
The result has been that the «resolution» of each of these financial crises created massive amounts of high - grade excess liquidity that was not withdrawn when market order was restored and provided the
fuel that would produce the next
credit boom and bust.
Easy availability of
credit in the US,
fueled by large inflows of foreign funds after the Russian debt crisis and Asian financial crisis of the 1997 — 1998 period, led to a housing construction
boom and facilitated debt - financed consumer spending.
Ireland was the hot place in the EU, and now the bigger
boom,
fueled by easy
credit, has given way to a bigger bust.
While the humanization trend and the empty nests of Baby
Boomers often get the lion's share of
credit for
fueling the success that the pet care market has enjoyed in recent years, that success ultimately may not have been possible without the handful of product manufacturers that have long served as the bedrock upon which the retail pet industry was built.