About this document
Autumn 2012 Economic Insights & Updates by Arthur Salzer is a document available to read on EtoBox.
The document discusses deleveraging in Western economies and its impact on markets. It notes that: 1) Four years into the deleveraging process, only minimal progress has been made in reducing debt in the US and Europe. Years of restructuring remain ahead. 2) Deleveraging is a slow process that typically takes 3-4 times longer than a recession and often results in currency devaluation and a transfer of wealth from savers to borrowers. 3) For markets, low interest rates will continue through at least 201
- Author
- Arthur Salzer
- Language
- EN