to significant losses for banks and bond investorsmay leadto significant losses for banks and bond investors
The long - stagnation(passive) was initially caused byThe long - stagnation
to a financial crisisleadsto a financial crisis
its economyledits economy
alwaysleadsalways
alsocan ... causealso
to recession in the real economycan leadto recession in the real economy
to inflationleadto inflation
to a broad financial crisis and credit crunchwill leadto a broad financial crisis and credit crunch
market turmoilmay causemarket turmoil
to crashesleadto crashes
largelyresultlargely
to the crisisledto the crisis
in tearsmay resultin tears
to the crashledto the crash
clearlyleadclearly
to an economic crisismay leadto an economic crisis
in tearsmay resultin tears
The economic problems(passive) caused byThe economic problems
in tears ... for investorsmay resultin tears ... for investors
to the kind of borrowing and spending that has caused problems in the westhave ledto the kind of borrowing and spending that has caused problems in the west
to depreciation of the dollarwould leadto depreciation of the dollar
in tears ... for investors acting on bad incentivesmay resultin tears ... for investors acting on bad incentives
in tears for investors acting on bad incentivesresultin tears for investors acting on bad incentives
namely booms(passive) caused bynamely booms
namely booms(passive) caused bynamely booms
in tearsmay resultin tears
an optimistic atmosphere in Japan(passive) caused byan optimistic atmosphere in Japan