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Here’s what rising U.S. interest rates mean for the global economy
We’re in the final innings of the modern world’s greatest economic experiment… America’s rampant credit expansion and subsequent implosion in the late 2000s almost brought down the entire global financial system. Radical monetary policies were initiated in 2008/2009 by global central banks to address the disaster. And just now, almost a decade later, those emergency policies are starting to be unwound. The financial surgery that was quickly delivered in 2008/2009 and the ensuing long recuperation is almost over. Or so it seems… The economic medicines delivered after the crisis were previously untried and ... (full story)