The current crisis of the conservative cycle reflects the massive build-up of bad debt that became apparent with the sub-prime crisis, which started in June 2007 and has now spread to the whole credit market, sinking Lehman Brothers.
Die aktuelle Krise des konservativen Zyklus spiegelt die massive Anhäufung von uneinbringlichen Schulden wieder, die mit der Hypothekenkrise zutage trat.