What You Need To Know About Markets And The Economy
Despite waning volatility in recent weeks, banking sector woes aren't over, and more collapses could be coming, according to top economist Raghuram Rajan.
Turmoil has died down in recent weeks as US banks regain their footing, but the crisis isn't over, Rajan warned in an interview with"I hope for the best but expect that there might be more to come, partly because some of what we saw was unexpected," he said."The entire concern is that very easy money [and] high liquidity over a long period creates perverse incentives and perverse structures that become fragile when you reverse everything.
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