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Boats, bankers and borders: five symbols that sum up Brexit a decade on
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What do the touchstones of the referendum debate tell us about the complex
legacy of Britain leaving the EU?
Ten years ago the UK voted 52% to 48% to lea...
3 hours ago
1 comment:
WHY ZERO INTEREST; ... Instead, the Federal Reserve slashed benchmark interest rates to near zero, lowering yields for conservative investments like money market funds and pushing frustrated investors into riskier corporate bonds offering higher returns. As demand for those bonds rose, businesses were able to issue more of them than ever, and use the proceeds to pay off old ones coming due soon.
"The Fed encouraged debt refinancing, but we need debt extinguishment," says Boockvar.
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