"in EU default rate on speculative corporate credit was c 20% after 2001 recession, 10% after 2008, 5% in 2020." Will higher rates awaken the zombie continent? Sharma in typically hawkish form.
ft.com/content/1c7bba…
Pairs well with Charttbook #137
adamtooze.substack.com/p/chartbook-13… https://t.co/oa994NMJBy
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…