Dear Prof. Wolff, Your October economic update referenced very high levels of corporate debt that could become a problem if growth cannot support it. I'm curious how this high level of corporate borrowing contrasts with previous comments about capital being "on strike" i.e. not being lent. Are these two phenomena occurring in different sectors of the economy, or is it that the banks have so much capital from monetary stimulus that they can both hoard a lot of it and also drive up corporate debt levels? Thanks for the clarification
High corporate debt levels
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