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What I read this week: Risk of rising consumer leverage & 20 lessons from Lehman collapse
Indian household's leverage is low compared with emerging economies, but needless to say, it is rising very fast. My concern is that rising consumer leverage will be met with stagnant salaries/wage and we may start to see stress on consumption and consumer balance sheets in the next couple of years. One might have expected that the near-death experience of most investors in 2008 would generate valuable lessons for the future.
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