Cost of borrowing low
Cost of borrowing low.
CONTEXT(Help)
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The Global Financial Crisis »The Global Financial Crisis
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Long-term causes of the financial crisis? »Long-term causes of the financial crisis?
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Unintended consequences of earlier public policy choices »Unintended consequences of earlier public policy choices
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US spending funded by credit »US spending funded by credit
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People encouraged to live beyond their means »People encouraged to live beyond their means
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Cost of borrowing low
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Asian investment in US treasuries »Asian investment in US treasuries
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The Fed cut interest rates in response to the recession »The Fed cut interest rates in response to the recession
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Positive feedback loop with US buying Asian-produced imports »Positive feedback loop with US buying Asian-produced imports
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