Illustrating here the "cheap money" phenomenon, for an article by John O'Sullivan on monetary policy, and, in particular, the dangers of a protracted period of low interest rates, which makes it easy for the banks to roll over poor-quality loans and tempting for them to invest in risky assets.
Made by Lago di Garda, with big thanks to Nadia.
for: The Economist Newpaper, London.
2010