Not exact matches
Unicorns were created in the aftermath of the financial crisis, when the
low interest rate environment
prompted investments in riskier assets, such
as the stock of privately held companies.
It is silly for Americans to label Japanese and European trade partners
as «unfair» on the basis of their trade surpluses with the U.S. Without foreigners» strong exports to the U.S., the Federal Reserve Bank would have been obliged to use restrictive monetary policy to dampen inflationary pressures,
prompting higher U.S.
interest rates and
lower home purchases.