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A Decade of Low Interest Rates Is Changing Everything
The longevity of low rates has upended long-standing assumptions about money and reshaped a generation of investors and traders.
24 Jul 2019, 01:38 PM IST
(Bloomberg Businessweek) -- It’s hard to wrap your head around just how low U.S. interest and bond yields are—still are—a decade after the Great Recession ended. Year after year, prognosticators said that rates were bound to go back up soon: Just be ready. That exercise has proved to be like waiting for Godot.
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