The Wall Street Journal on how/why the debt and borrowing binge has not been accompanied by booming bank lending. This outcome is consistent with (i) limiting an important element of past systemic risk ... but together with (ii) the morphing and migration of risk to non-banks segments of markets that are less well covered by regulators and supervisors. https://lnkd.in/gAT7ftp ? #debt #borrowing #credit #markets #bankingindustry #financeandeconomy #economy …see more