Finding a decent income stream in early 2010 was a difficult task for investors. After all, global stocks were still reeling from the aftershocks of what was arguably the worst global economic downturn and credit crisis since the 1930s.
To fight the crisis, global central banks slashed short-term interest rates to near zero in most developed markets and pushed down longer-term interest rates by purchasing government bonds and mortgage backed securities in a process known as "quantitative easing."
And that was only the beginning.
Governments around the world took extraordinary measures...
- Quotes of the day Allahpundit 5 hours ago
- Last straw: ObamaCare now ruining baseball Mary Katharine Ham 6 hours ago
- US reconfirms policy of not paying ransoms to terrorists for abducted Americans Ed Morrissey 6 hours ago
- Jake Tapper: Getting a conviction against Darren Wilson could be an ‘uphill battle’ Noah Rothman 7 hours ago
- NYT poll: 65% of whites, 80% of blacks say police shouldn’t have military-style weapons Allahpundit 8 hours ago
- In effort to shield Obama from criticism on ISIS, White House makes everything worse Noah Rothman 8 hours ago