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Greenspan-deficits Have Effect On Interest Rates

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WASHINGTON, Nov 3 (Reuters) - Federal Reserve Chairman Alan Greenspan said on Thursday he never agreed with the view that federal budget deficits do not matter.

Greenspan, in an appearance before the congressional Joint Economic Committee, was responding to a question from a committee member who quoted U.S. Vice President Richard Cheney as making such a comment to former Treasury Secretary Paul O'Neill.

"I think the 'deficits don't matter' issue referred to that they don't impact on interest rates. And I disagreed with that. I disagreed with it then, I disagree with it now, and I disagree with it because the facts prove otherwise," Greenspan said.

In other words "Interest rates are going up for the foreseeable"

Maybe Gordon Brown tends to disagree? time will tell, it always does, if GB the more the MPC leaves it the more they will be chasing them up and for longer, imagine a 100% increase in interest rates to 9%, roughly the long term average, how will people cope with that :lol::lol::lol:

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In other words "Interest rates are going up for the foreseeable"

Maybe Gordon Brown tends to disagree? time will tell, it always does, if GB the more the MPC leaves it the more they will be chasing them up and for longer, imagine a 100% increase in interest rates to 9%, roughly the long term average, how will people cope with that :lol::lol::lol:

well, i'd personally laugh my t!ts off :lol::lol::lol:

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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