Guest Fiddlesticks Posted January 23, 2006 Share Posted January 23, 2006 http://business.timesonline.co.uk/article/...2005708,00.html The collapse of long-term interest rates is a hugely important global phenomenon, found in the financial markets of all developed and even emerging economies. It is a hugely important influence on the prosperity or otherwise of pensioners and low long-term interest rates are also the root cause of high property prices, rising equity valuations and the ability of governments around the world to borrow previously unimaginable sums of money. Indeed, the fall in real long-term rates from 4 per cent in the early 1990s to well under 1 per cent today is almost sufficient alone to explain almost all the “inflation” in housing, equities and other assets that has occurred in this period. Quote Link to comment Share on other sites More sharing options...
Goat Posted January 23, 2006 Share Posted January 23, 2006 See my separate thread debunking this nonsense. Quote Link to comment Share on other sites More sharing options...
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