>I think they’re always late and the inevitable bailouts inevitably hurt the wage earners It's pretty obvious that you don't actually know what you're talking

>I think they’re always late and the inevitable bailouts inevitably hurt the wage earners It's pretty obvious that you don't actually know what you're talking about. Inflation has been pretty much under control for the past few years, and it's projected to go down slightly over the next few years. I'm really confused why you're talking about leverage or bailouts at all. Downturns in 'hot' economies tend to be caused by demand-pull inflation, which is exactly what the fed is managing, as discussed in the OP's article. Your discussion of leverage is not related to this situation at all. Leverage isn't based on growth, and doesn't require growth to service. The risk of a 'cascading default' is based primarily on the leverage ratios of large financial institutions. Those ratios were reformed from the ground up recently, and there's no indication that there's anything wrong with them. It's really quite hard to have this discussion with you, because you're talking about a few different unrelated topics, which you appear to not really understand at all.