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America Got Addicted to Cheap Money — Now the Economy Is Cracking as Rates Exceed 5%

Source: 247wallst.com

Interest Rates & YieldsCredit & Bond MarketsFiscal Policy & Budget
America Got Addicted to Cheap Money — Now the Economy Is Cracking as Rates Exceed 5%

The article says that for 15 years, borrowing costs were exceptionally low: companies secured debt at 3%, homeowners obtained mortgages below 4%, and U.S. deficits were financed at yields described as barely registering. The excerpt gives no current rates, comparison period, or specific market-moving development.

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