Quote:
Originally posted by Rolo@Apr 18 2004, 06:33 PM
I´m more worried about economic pessimists who try to constrain the sense of optimism that drives economies forward... as long as these "naysayers" are not controlling the agenda, then interest rates will not go sky high.
Faster access to information, more travel, more world trade, new democracies with marked economies etc... overall I think we will never see high interest rates again - the world has evolved.
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Rolo,
I don't think you know cause/effect of interest rates and economy...
Good economy puts preasure on interest rates,
recession eases the preasure.
Interest rates are the PRICE of borrowing money,
in booming economy the demand for money is high,
in recession the demand is low.
if what you call "naysayers" prevail-
we'll have recession and LOW interest rates.