NY Fed's Williams says high leverage is often reason behind recessions
He actually says its often the 'culprit' behind recessions
It is a factor, yep. Government ineptitude is another one.
- Not seeing a build up in leverage evident in the mid-2000s
- Watching risk-taking in financial markets very carefully
- Despite strong US stocks and housing prices not seeing risk-taking in financial system of last decade
- Employers struggling to fill job openings a sign of strong US economy
Headlines via Bloomberg. .