The Real Interest-Rate Risk

From Project Syndicate RSS-Feed Sat Jan 5 2013, 10:00:17

Since 2007, the financial crisis has pushed the world into an era of low, if not near-zero, interest rates, as most developed countries seek to reduce debt pressure and perpetuate fragile payment cycles. But, despite talk of a "new normal," there is a strong risk that real interest rates will rise in the next decade.

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