Your English writing platform
Discover LudwigExact(2)
After 2008, every politician and central banker vowed to build a recovery less dependent on debt, speculation and frenzied finance.
He recounts in stark moral terms the tale of debt, speculation, and shortsightedness that created the financial crisis, "a perfect storm of irresponsibility and poor decision-making that stretched from Wall Street to Washington to Main Street".
Similar(58)
Debt and speculation have been encouraged more than thrift and people who only wanted a home were forced to be gamblers in a turbulent market.
Yet it was this gap that led to the soaring levels of debt, reckless speculation and asset bubbles that created both the 1929 and the 2008-9 crashes.
Siemens and its partners are equity investors in the project, but they are largely financing it through debt and speculation that the contract has been in difficulty has focused on the consortium's ability to raise the finance.
"I think it is wishful thinking by the regulator that the decline is solely the fault of short selling, more a reflection of an overvalued stock market that has been fuelled by debt and speculation," said Jake Robbins, a fund manager at Premier Asset Management.
The public's involvement is confined to its mortgage debt and speculation in second homes.
And I think all of us know that we cannot meet them by returning to the pre-crisis status quo - an economy too dependent on a housing bubble, consumer debt, financial speculation, and growing deficits.
Our economy has lived off debt and speculation.
"All of this is a down payment for a new economic vision -- one where skilled workers fuel our economy rather than debt and speculation; one where American leadership on clean energy fuels 21st century innovation; and one where families and businesses are no longer weighed down by crushing health care costs".
Deregulation, financialisation and the reckless promotion of debt-fuelled speculation would, in fact, lead to crisis.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com