The writer is co-founder and co-chair of Oaktree Capital Management and author of ‘Mastering the Market Cycle: Getting the Odds on Your Side’Most people want to see low interest rates. But low rates alter investor behaviour, distorting it in ways that can have serious consequences. As the excellent book The Price of Time: The Real Story of Interest by the financial historian Edward Chancellor makes clear, there are many negative aspects of so-called “easy money”.
本文作者是橡树资本管理公司(Oaktree Capital Management)联合创始人及联席董事长，著有《周期》(Mastering the Market Cycle: Getting the Odds on Your Side)一书。
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