Once the damage is done
Øyvind Thomassen: It is not the level of household debt that will cause the next financial crisis.
But is it really true that "high debt in Norwegian households and high property prices constitute the most important vulnerabilities in the Norwegian financial system", as the Norwegian Supervisory Authority writes in "Finansielt utsyn"? Øyvind Thomassen asks.
His feature article Når ulykken først er ute (in Norwegian) was published in Dagens Næringsliv on 6 October, 2022.