Saturday, Jul 15, 2006

Analysis of the Japanese rate rise

Telegraph: Japanese rate rise heralds a new era

Small step for the banks threatens repercussions for global economy, writes Ambrose Evans-Pritchard. Japan has begun to close the last gusher of cheap and abundant global credit, ending its emergency six-year policy of zero interest rates.

Posted by webmaster @ 10:39 AM (571 views)
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3 Comments

1. Surfgatinho said...

"while house prices have pulled out of their hair-raising 75pc nosedive since the peak of the property boom"
75%! But that couldn't happen over here!

Saturday, July 15, 2006 11:34AM Report Comment
 

2. Indiablue19 said...

Indeed, forget the term I'd used previously "bow wave." No, substitute "tsunami" or "perfect storm." The moment we've all been waiting for. The end of funny money. New definition for "kamikazi": one who raises interest rates after loaning you more than half the world's liquid assets, seemingly for free. TR, in my humble estimation this pigeon will grow to weigh many tons and will roost with heavier and heavier consequences.

Saturday, July 15, 2006 01:53PM Report Comment
 

3. bidin'matime said...

>>warns Tony Norfield, currency strategist for ABN Amro. "The easy days of cheap money are gone."

Say no more. We can only hope that the UK banks wake up to this before they lend any more billions to people who will not be able to repay once the full implications of this start to take effect.

Saturday, July 15, 2006 09:39PM Report Comment
 

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