From the executive editor...
Apr 02, 2021
2 minutes
John Stepek editor@moneyweek.com
In his book, , economist J. K. Galbraith came up with one of the most useful concepts ever coined in finance: “the bezzle”. In short, it’s the as-yet-unrevealed inventory of nasty shocks that builds up in the economy during the good times, when “people are relaxed, trusting and money is plentiful”, only to reveal itself when tougher
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