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Carmignac boss warns the era of easy money is over

Original: The end of endless # capital The era of 'easy money' is over, warns Carmignac boss https://www. cityam.com/the-era-of-ea

The head of French asset manager Carmignac has warned that the era of 'easy money' — cheap credit and abundant capital — has come to an end. Commentators note the shift to higher interest rates hits indebted businesses, banks and real estate hardest, while some observers point out cheap money never benefited the poor, only lenders expanding credit.

Why now: Rising interest rates and tightening credit conditions are forcing investors and businesses to rethink financing after years of cheap money.

CarmignacCity A.M.

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• The end of endless # capital The era of 'easy money' is over, warns Carmignac boss https://www. cityam.com/the-era-of-easy-mon ey-is-over-warns-carmignac-boss/ There was never such an era for the # poor only for those # bank that 1. multiply their own # money supply by lending… · wordmark@mas.to · 2

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