Gosh O’s economy is doing soooo great
In October 2008, there were $1.59 trillion of these commercial and industrial loans outstanding. As of May 2015, there were $2.05 trillion outstanding, a 29% jump from the peak of the prior craziest credit bubble the world had ever seen to this even crazier credit bubble. And so, instead of that promised escape velocity, the bankruptcies have started to kick in.
I’ve seen this movie. The sequel is almost never as good as the original.
I think I saw an article on here a while back warning this was on the way.
Shades of "The Big Short".