Monday, Jun 28, 2010
Interest rates to go up soon..
Yahoo: Central banks warn of new crisis if exit left too late
Governments must slash budget deficits decisively and central banks should not wait too long to raise borrowing costs
Posted by mark @ 01:50 PM (668 views) Add Comment
1 Comment
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1. paul said...
Ironic that central banks are warning that interest rates must be raised in order not to prevent a further crisis because low interest rhat created the credit boom, what 'prevented' the credit bust and now seems to be the answer to too much credit.
Almost like an alcoholic warning himself not to touch the magic 'create more booze' button.