{"id":14403,"date":"2020-02-14T10:24:18","date_gmt":"2020-02-14T14:24:18","guid":{"rendered":"http:\/\/www.wasobamaborninkenya.com\/blog\/?p=14403"},"modified":"2020-02-14T10:24:21","modified_gmt":"2020-02-14T14:24:21","slug":"coronavirus-and-credit-a-perfect-storm","status":"publish","type":"post","link":"https:\/\/www.wasobamaborninkenya.com\/blog\/coronavirus-and-credit-a-perfect-storm\/","title":{"rendered":"Coronavirus And Credit &#8211; A Perfect Storm"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"635\" src=\"https:\/\/www.wasobamaborninkenya.com\/blog\/wp-content\/uploads\/2020\/02\/Screenshot_2020-02-14-Coronavirus-And-Credit-A-Perfect-Storm-1024x635.png\" alt=\"\" class=\"wp-image-14404\" srcset=\"https:\/\/www.wasobamaborninkenya.com\/blog\/wp-content\/uploads\/2020\/02\/Screenshot_2020-02-14-Coronavirus-And-Credit-A-Perfect-Storm-1024x635.png 1024w, https:\/\/www.wasobamaborninkenya.com\/blog\/wp-content\/uploads\/2020\/02\/Screenshot_2020-02-14-Coronavirus-And-Credit-A-Perfect-Storm-300x186.png 300w, https:\/\/www.wasobamaborninkenya.com\/blog\/wp-content\/uploads\/2020\/02\/Screenshot_2020-02-14-Coronavirus-And-Credit-A-Perfect-Storm-768x476.png 768w, https:\/\/www.wasobamaborninkenya.com\/blog\/wp-content\/uploads\/2020\/02\/Screenshot_2020-02-14-Coronavirus-And-Credit-A-Perfect-Storm.png 1163w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Seeking Alpha<\/strong> &#8212; February 14, 2020<\/p>\n\n\n\n<p><strong>Excerpt:<\/strong><\/p>\n\n\n\n<p> <strong>Summary<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><em>This  article posits that the spread of the coronavirus coincides with the  downturn in the global credit cycle, with potentially catastrophic  results.<\/em><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><em>The credit crisis was already likely to be severe, given  the combination of the end of a prolonged expansionary phase of the  credit cycle and trade protectionism.<\/em><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><em>These were the conditions that led to the Wall Street crash of 1929-32.<\/em><\/li><\/ul>\n\n\n\n<p><em>This  article posits that the spread of the coronavirus coincides with the  downturn in the global credit cycle, with potentially catastrophic  results. At the time of writing, analysts are still trying to get to  grips with the virus&#8217;s economic impact and they commonly express the  hope that after a month or two, everything will return to normal. This  seems too optimistic.<\/em><\/p>\n\n\n\n<p><em>The credit crisis was already  likely to be severe, given the combination of the end of a prolonged  expansionary phase of the credit cycle and trade protectionism. These  were the conditions that led to the Wall Street crash of 1929-32. Given  similar credit cycle and trade dynamics today, the question to be  resolved is how an overvaluation of bonds and equities coupled with  escalating monetary inflation will play out.<\/em><\/p>\n\n\n\n<p>&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<\/p>\n\n\n\n<p><strong>View the complete article including images, links and comments at:<\/strong><\/p>\n\n\n\n<p> <a href=\"https:\/\/seekingalpha.com\/article\/4324230-coronavirus-and-credit-perfect-storm\">https:\/\/seekingalpha.com\/article\/4324230-coronavirus-and-credit-perfect-storm<\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Seeking Alpha &#8212; February 14, 2020 Excerpt: Summary This article posits that the spread of the coronavirus coincides with the downturn in the global credit cycle, with potentially catastrophic results. The credit crisis was already likely to be severe, given &hellip; <a href=\"https:\/\/www.wasobamaborninkenya.com\/blog\/coronavirus-and-credit-a-perfect-storm\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-14403","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.wasobamaborninkenya.com\/blog\/wp-json\/wp\/v2\/posts\/14403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wasobamaborninkenya.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wasobamaborninkenya.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wasobamaborninkenya.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wasobamaborninkenya.com\/blog\/wp-json\/wp\/v2\/comments?post=14403"}],"version-history":[{"count":1,"href":"https:\/\/www.wasobamaborninkenya.com\/blog\/wp-json\/wp\/v2\/posts\/14403\/revisions"}],"predecessor-version":[{"id":14405,"href":"https:\/\/www.wasobamaborninkenya.com\/blog\/wp-json\/wp\/v2\/posts\/14403\/revisions\/14405"}],"wp:attachment":[{"href":"https:\/\/www.wasobamaborninkenya.com\/blog\/wp-json\/wp\/v2\/media?parent=14403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wasobamaborninkenya.com\/blog\/wp-json\/wp\/v2\/categories?post=14403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wasobamaborninkenya.com\/blog\/wp-json\/wp\/v2\/tags?post=14403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}