Comment on Google's Eric Schmidt on why bankers deserve little sympathy and Obama doesparentComments−graphene16yThe whole point is that leveraging (i.e. investing with borrowed money) becomes much more feasible when interest rates are close to zero, as they were in the early years of the boom.
Comments
The whole point is that leveraging (i.e. investing with borrowed money) becomes much more feasible when interest rates are close to zero, as they were in the early years of the boom.