Monday, Jul 10, 2006

A possible outcome of a long period of low interest rates.

Money Week: What's more likely - stagflation or depression?

This piece is a bit too America-centric but there is some direct read-across to the UK's situation. It does not pretend to give an economic prognosis but looks at and dispels parallels with the 1970s. By the end, the true effects of a long period of low interest rates are explored. Worth a read but it won't give any pointers to the future direction of home prices.

Posted by talking rot @ 09:27 AM (641 views)
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