Dysfunctional Financial Markets Are Making Inequality Worse All The Time
Arman Hassanniakalager via The Conversation | The global market in government bonds has been bleeding red lately. The US ten-year strongly influences the price of everything from mortgages to business loans in the US, and by extension around the world, so such a sharp rise has the potential to reduce borrowing and weaken the economic recovery from COVID –especially when there is so much debt in the global system.