IS THE U.S. ECONOMY TURNING JAPANESE? -- BY CHRISTOPHER WOOD, The Wall Street Journal

Easy money from the Fed hasn't translated into more consumer lending by banks.

Happy days are here again in world stock markets. Yesterday's profit-taking notwithstanding, the Dow Jones Industrial Average is flirting with 10000 and the S&P 500 is up 60% from its March low. Still, if risk-seeking behavior has returned to financial markets, much of it is funded by borrowing increasingly cheap U.S. dollars.

CLICK TITLE OR HERE TO READ REMAINDER OF ARTICLE Sphere: Related Content