UBS: Credit shock building

Thursday 6 December 2018

UBS’ Jonathon Mott is out with more today on the mushrooming credit crunch:

The banking sector is facing a period of substantial and sustained earnings pressure which is likely to last several years.

The risk of the current credit squeeze turning into a credit crunch is real and rising, with the housing market now falling sharply.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.