How gradual has monetary tightening been? Keep in mind that in addition to 200 bp of conventional rate raises, the Fed has shed about $270 bn of securities which is roughly equal to 30 bps on the Fed funds rate. pic.twitter.com/QkY0e5kDg4
— Greg Ip (@greg_ip) October 25, 2018
tightened financial conditions pic.twitter.com/I6PKXqEocg
— Sam Ro (@bySamRo) October 25, 2018
Over the past decade, non-financial corporate debt worldwide has swelled 68 percent to $14 trillion, according to Sanford C. Bernstein. As economic growth ..