Sunday, September 23, 2007
Rates on their way down? Or are they?
"Why does it matter? Because if the US falls into recession then only China can stop the world from going down with it. And whether China can hold up the world economy depends on how Wen responds to the most serious outbreak of consumer and asset price inflation in more than a decade." Also: Rate rise in Australia still a possibility, and arguments there seem relevant to here: http://www.smh.com.au/news/business/rates-rise-still-a-possibility/2007/09/23/1190486137172.html