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Death of Easy Money Creates Financial Upheaval Around the Globe
From stocks to bonds and from real estate to crypto, no corner of finance went untouched by 2022’s interest-rate chaos.
11 Jan 2023, 01:29 PM IST
(Bloomberg Businessweek) -- Cheap money—an incredibly popular and influential feature of finance that led to a surge of wealth, speculative trading and booms in ridiculous investments such as meme stocks and digital images of cartoon monkeys—died suddenly in 2022. It was 14 years old. Cheap money is survived by its estranged relative, expensive money.
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