Thaler advised that PIMCO economists conduct a premortem, which is essentially the opposite of a postmortem. It is intended to rein in the groupthink and overconfidence that comes with adopting a particular viewpoint.
Small- and mid-size firms accessed financing they otherwise would not have qualified for. These companies rode the wave of economic growth that swept the world in a synchronized fashion three years ago. As the chart below from PIMCO shows, private lending activity is closely linked to economic growth. To be sure, the impact of a private-credit crisis on the economy can be offset by the jobs market and consumer spending — both of which are much bigger contributors to growth.
To recap: nonbank lending to riskier companies surged in 2017 when the economy was stronger. But it is now slowing along with the economy.
Sure of course
It is happening NOW!!!!!!
ایران آخرین اخبار, ایران سرفصلها
Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.
منبع: BusinessInsider - 🏆 729. / 51 ادامه مطلب »