Car giant was already saddled with debt before COVID-19 struck.Anomaly, or indication of systemic risk owing to debt?
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Anomaly, or indication of systemic risk owing to debt? Tom Hickey
ReplyDeleteGovernment privileges for private credit creation constitute a means for the more so-called "credit worthy" to steal from the less so-called "credit worthy" in terms of purchasing power and investment opportunity.
It thus creates perverse incentives to go into debt.
Ooops! Whocouldanode?