Debt Crises - Big

: Leveraged buying peaks; central banks tighten policy, and debt service costs rise .

The difference between and deflationary deleveragings. Current market indicators that suggest a bubble is forming. Big Debt Crises

: Debt grows slower than income and is used for productive activities . : Leveraged buying peaks; central banks tighten policy,

: A modern housing-led crisis that required massive government bailouts and "quantitative easing" . : Leveraged buying peaks