Published • loading... • Updated
Borrowed Time: The ‘Extend and Pretend’ Economy Must End
Summary by thedailyeconomy.org
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.1 Articles
1 Articles
Borrowed Time: The ‘Extend and Pretend’ Economy Must End
A toxic wave of delinquent balances, distressed loans, and overvalued assets is beginning to break across the American economy. Shanghai Commercial Bank just took an 85 percent loss on a half-finished Manhattan condo project. The example demonstrates “extend and pretend” loan games at work: the troubled property had been refinanced multiple times since 2016, repeatedly pushing back the maturity date and inevitable financial reckoning, even as co…
Coverage Details
Total News Sources1
Leaning Left0Leaning Right0Center0Last UpdatedBias DistributionNo sources with tracked biases.
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
