Eurozone: on the Verge of Repeating Japan’s Lost Decade

This is exactly what created the "lost decade" in Japan by stifling credit growth for years. Loss recognition was not part of Japan's banking culture, as loan officers consistently kept bad loans at par and refused to move to workout/liquidation. There was little room for new credit creation in that environment.

Sign Up

Get the InvestingChannel
Free e-Letter Today

Learn More

Independent market opinion, analysis and ideas - delivered every business day

Premium market opinions, analysis, and ideas - delivered every business day

Editor's Picks