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