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“Easy money” as in it was dirt cheap to borrow money and the Fed had been doing QE since 2008. That ends now - at least for a while. Risk assets look very diff
by puranjay 4y ago
“Easy money” as in it was dirt cheap to borrow money and the Fed had been doing QE since 2008. That ends now - at least for a while.
Risk assets look very different when you can borrow at 0.5% interest rate vs 3.5% interest rate.