Description: The U.S. economy, at its own peril, has been driven by cheap credit

Source: MarketWatch.com

Date: Mar 20, 2019

Link: https://www.marketwatch.com/story/when-the-us-falls-into-a-recession-a-credit-bubble-will-explode-2019-03-20?mod=mw_theo_homepage

Questions for discussion:

• What is the meaning of the term “credit cycle”?
• Do interest rates determine stock and bond market valuations?
• What do you think will happen in the next 12 months?