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Byline: Stephen Glain (Mark Hosenball Jacopo Barigazzi Christian Caryl and Akiko Kashiwagi Andrew Romano Dorothy Kalins Silvia Spring Devin Gordon)
World Economy: No More Easy Money
Is the age of easy money over? After years of cheap credit worldwide, the U.S. Federal Reserve has been raising its short-term rates for two years, and now comes new signs that long-term rates are finally starting to rise, too. The 10-year U.S. Treasury bill broke the 5 percent barrier last Friday, for the first time since 2002. As America goes, so goes the world. The European Central Bank is now tightening credit, too, and the Japan Central Bank looks likely to end a ...
Source: HighBeam Research, Periscope.