Trump Drives Key U.S. Rate to Level Not Seen Since Before 2007 Financial Crisis

JIM WATSON / AFP via Getty Images President Donald Trump’s disastrous second stint at the White House has set off a market fireworks display not seen since the eve of the 2007 financial crisis that cratered the global economy. In simple terms, investors are reluctant to lend the government money, and are demanding more in return. That innocent-sounding tidbit signals that everything from mortgages to car loans and credit cards is about to get more expensive. It’s happened partly because of the…