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Professor Kim Schoenholtz shares his views on the current state of credit markets

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Excerpt from The Economist -- "In some areas red tape surely has choked lending—notably residential mortgages, where recklessness led to catastrophe a decade ago. But the report pays scant attention to the possibility that slow growth may instead cause weak demand for credit. 'I don’t think the economy is credit-constrained,' says Kim Schoenholtz of New York University’s Stern School of Business."

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