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Could Corporate 'Credit Bubbles' Lead To Another Recession?

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A trader works on the floor of the New York Stock Exchange on Oct. 7, 2008, during the last major economic downturn. (Mario Tama/Getty Images)
A trader works on the floor of the New York Stock Exchange on Oct. 7, 2008, during the last major economic downturn. (Mario Tama/Getty Images)

The economy is roaring right now in the U.S.: Unemployment is down and wages are up. But some economists are worried that, 12 years after the last recession, another could be on the horizon because of the way corporations are using cheap debt.

Here & Now's Jeremy Hobson speaks with Steven Pearlstein (@StevePearlstein), business and economics writer for The Washington Post and professor of public affairs at George Mason University.

This segment aired on June 11, 2018.

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