The era of low interest rates is over. In the blink of an eye, the Fed went from punishing savers to punishing borrowers. If you’re depending on income to fund your retirement, 5% rates are a blessing. But if you’re in need of credit, current rates are a curse.
For years and years, investors bemoaned that the Fed was forcing them out on the risk curve. If you wanted to earn some yield, bonds at 2% weren’…
For years and years, investors bemoaned that the Fed was forcing them out on the risk curve. If you wanted to earn some yield, bonds at 2% weren’…
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