Markets Are Restacking the Building Blocks of a Financial Crisis

““A prolonged period of low interest rates, of the sort we are experiencing today, can create incentives for agents to take on greater duration or credit risks, or to employ additional financial leverage, in an effort to ‘reach for yield,’” the former Fed governor Jeremy C. Stein told a group of investors and bankers at the New York Athletic Club in February.” – Markets Are Restacking the Building Blocks of a Financial Crisis

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>