Illustrating here the "cheap money" phenomenon, for an article by John O'Sullivan on monetary policy, and in particular the dangers of a protracted period of low interest rates, which among other things makes it easy for the banks to roll over poor-quality loans and tempting for them to invest in risky assets.
Made by Lago di Garda, with thanks to Nadia. (107)
Padenghe, Italy 2010-07-14
Client: The Economist, London.
Link: ›www.economist.com