Greg Ip’s point: no investment boom is insulated from higher rates. The 1999 dot-com argument that low borrowing meant little Fed impact proved wrong; today’s hawkish policy signals are a reminder that tightening can puncture any bubble.
published
Greg Ip’s point: no investment boom is insulated from higher rates. The 1999 dot-com argument that low borrowing meant little Fed impact proved wrong; today’s hawkish policy signals are a reminder that tightening can puncture any bubble.
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