Larks comments on Contrarian LW views and their economic implications - Less Wrong

16 Post author: Larks 08 October 2014 11:48PM

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Comment author: Larks 10 October 2014 12:56:09AM 2 points [-]

I think actually it was higher in the '50s. Corporates had extremely conservative balance sheets in those days, with lots of treasuries. But we're certainly at high levels by the standards of the past 40 years.