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Interest rates create cheap money which makes the talent parking you describe more possible. It seems like rates may be at this level for some time.
by bequanna 3y ago
Interest rates create cheap money which makes the talent parking you describe more possible.
It seems like rates may be at this level for some time.
- candiodari 3y agoRates at this level means governments must either pay back debt (good luck with that) or cut spending ~5% per year, every year, and borrowing more for new projects will be very hard to justify. Next year is an election year. Also in many European countries.