The biggest threat to advanced economies is that debt will accumulate until the overhang weighs on growth.

- Carmen Reinhart

If there is one common theme to the vast range of crises...it is that excessive debt accumulation, whether it be by the government, banks, corporatio…

- Carmen Reinhart

Perhaps more than anything else, failure to recognize the precariousness and fickleness of confidence - especially in cases in which large short-term…

- Carmen Reinhart

The essence of the this-time-is-different syndrome is...rooted in the firmly held belief that financial crises are things that happen to other people…

- Carmen Reinhart