Sentences with phrase «last credit bubble»
These packages of high - yield debt were a major culprit behind the last credit bubble.
https://www.breakingviews.com/ Not exact matches
The story of the credit crunch really began with the bursting of the last bubble.
What is inter alia noteworthy here, is that all it took for the last two asset bubbles to burst (pre-bitcoin era) was a slowdown in the growth of money and credit (the two are intertwined most of the time).
In the last few years we've had a housing bubble, a credit bubble, runaway government spending, soaring gas prices, a global recession, high unemployment, the risk of a U.S. debt default, a fiscal crisis in Europe, and the threat of severe inflation.
Well, the last time Americans had a president who was psychologically «programmed» to ignore facts that didn't agree with his beliefs, the USA ended up wasting $ 1T in an illegal war to «liberate» 100's of billions of barrels of Iraqi oil (as many as 1.2 M people died in the process due to violence, disease & starvation resulting from the conflict), nearly $ 5T was added to the U.S. federal debt, a man with experience as the Judges and Stewards Commissioner for the International Arabian Horse Association was put in charge of the Federal Emergency Management Agency (FEMA), the U.S. subprime credit «bubble» expanded hugely & then imploded, wiping out some $ 14T in global wealth & destroying millions of jobs, etc..
We aren't facing a credit bubble now, because the last crisis wiped away a lot of private debt, and replaced it with public debt.
The tech bubble crash at the turn of the century triggered an easing that directly created the housing bubble in the middle of the last decade, which then crashed, but the subsequent easing deferred the crash of the credit bubble until 2007/08.
«Unlike the last bubble, buyers today are paying cash, have good jobs, large down payments and high credit ratings.
Olsen attributed the decrease in large part to the easing of credit standards over the last few years, as well as a generally stronger set of applicants since the housing bubble burst.