CBON - Capital Flows - Is A Reckoning Nigh?
In Macro Letter - No 108 - 18-01-2019 - A world of debt - where are the risks? I looked at the increase in debt globally, however, there has been another trend, since 2009, which is worth investigating as we consider from whence the greatest risk to global growth may hail. The BIS global liquidity indicators at end-September 2018 – released at the end of January, provides an insight: -
The annual growth rate of U.S. dollar credit to non-bank borrowers outside the United States slowed down to 3%, compared with its most recent peak