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Slow Credit Recovery and Excess Returns on Capital

Slow Credit Recovery and Excess Returns on Capital Zheng Liu and Andrew Tai FRBSF Economic Letter  2016-28 | September 26, 2016     During the recovery from the Great Recession, real interest rates on government securities have stayed low, but real returns on capital have rebounded. Although this divergence is puzzling in light of standard… Read More The post Slow Credit Recovery and Excess Returns on Capital appeared first on The Big Picture.
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