Economics
The Price of Money Is Going Up, and It’s Not Because of the Fed
A model devised by Bloomberg Economics that looks as far out as 2050 shows Treasury yields may stay as high as 6%.
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What’s the most important price in the global economy? The price of a barrel of crude? A microchip? Or maybe a Big Mac?
More important than any of these is the price of money. For more than three decades, it was falling. Now it’s going up.