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End of Cheap Money: Can the World Handle Higher Interest Rates?
For the last five years, the world's leading central banks have been combatting the crisis with extremely low interest rates and vast bond purchases. Now the American Fed is breaking ranks, as it cautiously suggests a change in its policy -- sending the markets into turmoil. Fuchinobe doesn't look like the kind of place where speculators have struck it rich. The commuter rail station near the Japanese capital of Tokyo is surrounded by drab apartment buildings and small single-family homes. But the neighborhood is also home to Yuka Yamamoto, 44, a star among Japan's so-called shufu toshika, or "housewife ... (full story)
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- Jun 13, 2013 3:01pm Jun 13, 2013 3:01pm
- Sixfour
- | Joined Jun 2012 | Status: Member | 50 Comments
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- Jun 13, 2013 3:38pm Jun 13, 2013 3:38pm
- Spreadbetter
- | Membership Revoked | Joined Feb 2012 | 3235 Comments
"The meek shall inherit the earth.." Yeah right, good luck with that shit..