Monday, Oct 30, 2006

INTEREST RATES GOING UP ON GLOBAL EXCESS OF FUNNY MONEY

Bloomberg.com: Global Cash Glut Fuels Investment Frenzy, Pushing Up Rates

Can't improve much on the title. It's about the international investment which is now running wild on a cash glut described as "lavish" and with the obvious consequence that interest rates MUST go up to control disastrous inflation, apparently according to all but -- the Fed.

Posted by indiablue19 @ 08:21 PM (580 views)
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4 Comments

1. harold said...

Good explanation of the BBC article about record City bonuses. In other words, rather than "Continuing strong merger and acquisition activity in 2006 driving the stock market higher", as claimed by Jonathan Said, the truth is that the market is being driven by excess liquidity - which means, yes you've guessed it, inflation and higher IRs. It'll end in tears.

Monday, October 30, 2006 09:29PM Report Comment
 

2. Rimmer said...

My Money is still on 8% for the UK by 2008

Monday, October 30, 2006 10:48PM Report Comment
 

3. Nohpc said...

Rimmer how much money would you like to bet that rates go up to even 6% Put your money where your mouth is. I can arrange it with betfair that we can bet against each other if you like.

Tuesday, October 31, 2006 07:24AM Report Comment
 

4. This comment has been removed as it was found to be in breach of our Blog Policies.

 

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