Quote:
Originally posted by Serge_Oprano@Apr 18 2004, 06:30 PM
if what you call "naysayers" prevail-
we'll have recession and LOW interest rates.
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Well, I was not trying to say that interest rates will never rise, I was refering to the double digits interest rates and/or fast climb in interest rates - that IMHO will never happen again... (well atleast not in our lifetime ;-)))
Ofcourse inflation is the "beast" with low interest rates, however higher productivity, more business competition, and increased employment could keep inflation low - even in a fast-growing economy. But surely at somepoint interest rates will rise, but it would be to "let out steam", and not too combat another double digits inflation crisis as in the 1970s...