• Greg Peel
• 30 Sep, 2020

It is a truth universally acknowledged that banks lend money too freely at the top of an economic cycle and not freely enough at the bottom. When things look good, they’ll hand it out to anyone. When things look bad, they keep it for themselves. It’s counter-cycle impact that’s been going on for years, decades, centuries…probably back to the benches (bancs) set up in Italian piazzas in the fourteenth century, and it only exacerbates economic boom and bust. As each decade brings a new generation
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