14 lines
946 B
JSON
14 lines
946 B
JSON
{
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"HubID": "5336",
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"Date": "7/14/2025",
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"HubTags": [
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"External Platform Posts",
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"Future Map"
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],
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"Contacts": "",
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"Companies": "",
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"File": "",
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"Image": "5336__Image_URL.jpg",
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"Summary": "<p>Recessions are traditionally seen as a way to flush out excesses that accumulate during periods of economic expansion. But this chart tells a different story. During the 2008 Global Financial Crisis, rather than allowing private sector debt—especially within households and financial institutions—to unwind fully, much of it was effectively transferred onto the public balance sheet. Household and financial sector liabilities fell after 2008, but this was mirrored by a sharp and sustained rise in federal debt as a percentage of GDP. Instead of true deleveraging, we witnessed a liability handoff—from private to public—delaying the day of reckoning and perpetuating systemic imbalances.<span></span></p>",
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"Notes": ""
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} |