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July 16, 2007

All Business: Loss of easy money shakes up economy

  • Higher debt costs are now spilling over to other parts of the financial world, like leveraged takeovers.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — Say goodbye to easy money — and watch out for the far-reaching effects.

    The drying up of the free-flowing cheap-debt spigot has been battering the housing market for months, and it's now spilling over to other parts of the financial world, like leveraged takeovers.


     
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