January 20, 2010
McKinsey has put out a quick and dirty read entitled “Debt and Deleveraging: The Global Credit Bubble and Its Consequences”. In it, they detail how current leverage within the financial system compares to historic numbers and the massive run-up that occurred during the majority of this decade.
The entire report can be accessed by clicking here, but the report indicates that deleveraging takes 2-3 years, at which time GDP growth is suppressed. The report also concludes that the deleveraging process is just getting underway.
- Deloitte’s Theory on CRE: Could Be, May Be, and Expected To
- Prudential First Quarter CRE Report
- AIG, The Bailout, and Legacy Partners
- East Meets West
- Treasury Reworking Tax Rules to Help Dampen Commercial Real Estate Fallout