Ladies and Gentlemen: The theme of this forum “Achieving Innovative Solutions Relevant for Africa’s Banking & Finance Industry – Key Issues” is timely and weighty because it is only through innovative solutions that African economies can move to the next level of development frontiers.
*** Although I scarcely wish to downplay the threats to the U.S. economy from increased debt leverage of any type, ratios of household debt to income appear to imply somewhat more stress than is likely to be the case.