A new paradigm – the era of cheap money is finally coming to an end
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A new paradigm – the era of cheap money is finally coming to an end
A new paradigm – the era of cheap money is finally coming to an end
Stanlib Collective Investments
Q2 of 2023 | 2 years ago
The Global Financial Crisis (GFC) in 2007-2009 was triggered by inordinate speculation in tandem with excessive debt and loose supervision. Fortunately, governments and central banks came to the rescue, cutting interest rates, recapitalising banks and passing significant stimulus packages. This led to governments taking over enormous volumes of debt from banks and companies, which in turn, led to substantial government debt.
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