charleshughsmith.blogspot.com / CHARLES HUGH SMITH / WEDNESDAY, MARCH 15, 2017
A funny thing happened on the way to a low-risk environment: loans in default (non-performing loans) didn’t suddenly become performing loans.
If we had to summarize what’s happened in eight years of “recovery,” we could start with this: everyone’s been pushed into risky assets
March 16, 2017 at 09:20AM
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