3 ms·
Generally credit (leverage) cycles. There's momentum in people borrowing more, until people are too levered, and then the same in the other direction. You can
by mathattack 9y ago
Generally credit (leverage) cycles. There's momentum in people borrowing more, until people are too levered, and then the same in the other direction. You can look up some of what Ray Dalio has to say on Youtube for more on this. (Not his organizational principles - his views on credit)
https://www.youtube.com/watch?v=PHe0bXAIuk0 https://www.youtube.com/watch?v=PHe0bXAIuk0