Wednesday, Jan 13, 2010
So interest rates win't stay low forever then
CNBC: Fed must raise interest rates
Interesting that China tightened its credit yesterday and now Fed says interest rates must go up as economy improves... I remember the Telegraph recently saying basically we live in economic fairyland and I think chickens could start coming home to roost.
Posted by taffee @ 07:34 AM (503 views) Add Comment
1 Comment
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1. general congreve said...
NO, FED MUST NOT RAISE INTEREST RATES. The economic insanity must continue. However, the real world results of raising interest rates will be so catastrophic that the govts. of the world, if they do try to pursue sensible monetary and fiscal policy will not be able to do it for very long because the collapse it will bring will risk pushing the population to revolution. So it'll be back with insane fiscal policy measures pretty sharpish, to put off the pain until it's too late. So my gold will be going up, up, up and their fiat down,down, down, whether they like it or not!