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The first is more dangerous, and the case for pre-emptive action stronger, he argues, because it comes with a cycle of leveraging against rising asset values.In retrospect all crashes look inevitable.
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Goodwin's own knowledge of collateral debt obligations, credit default swaps or over-leveraging against US sub-prime mortgages was equally rudimentary.
"It may be used as leverage against Muslim leaders.
Publishers, looking for leverage against Amazon, saw Apple as their white knight.
The pipeline was then mothballed for years and used as a leverage against rail rate increases.
His nuclear weapons, however few and feeble, provide his only leverage against the world.
Interrogators taped this detainee crying and used it as leverage against one of his relatives.
But even then the United States also had little leverage against them.
That is what gives the cellphone customer a little bit of leverage against the carriers.
The one-year window gives Spanos leverage against San Diego politicians and voters.
A popular mandate is seen as his main leverage against the conservatives determined to thwart him.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com