Opinion: Our bill for easy money is coming due: Prepare for low and volatile returns — or the long-delayed financial market reckoning.
Until recently, good news (a solid rebound from the COVID-19 pandemic) was bad news (higher interest rates). Now, bad news (an economic slowdown) is good news (accommodative policies). For investors, previously successful investment strategies carry risks. Economic activity, based largely on government stimulus, low borrowing rates, central bank cash infusions and pent-up demand funded by…