Debt rises faster than income. Asset prices soar, fueled by easy credit, creating a self-reinforcing cycle of optimism.
Governments and central banks typically use four tools to manage a debt crisis and "navigate" toward recovery: Ray Dalio Principles So Navigieren Sie Ihr ...
The central bank raises interest rates to curb inflation or the bubble. Asset prices fall, and borrowers begin to struggle with repayments. Debt rises faster than income