Credit markets look increasingly dangerous
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Finance & economics | About to snap?
A pair of bankruptcies highlight the risks
Illustration: Álvaro Bernis
Oct 2nd 2025|New York|4 min read
Mention 2007 to a group of professional investors, and watch them bristle. The year was a bad one. It marked the end of the great moderation—a long period of low inflation and steady economic growth that began in the 1980s—and the start of strains in credit markets which became the global financial crisis.
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