I hear people saying inflation is coming and so too will interest rates be on the way up. I don't think significant inflation is at all likely, but more important, I think interest rate rises even less likely. In this video I explain why.
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Hum, while interest rates are low and likely to stay that way, its a great pity that there haven’t been credit controls, particularly on housing and consumer credit.
As you point out, excessive indebtedness is quite dangerous and while interest rate rises are unlikely there are many other things that could derail may peoples personal finances
Absolutely. Price (interest rates) is not the only way to control consumption (credit). Before 1980 this would have been taken as stating the “bleedin’ obvious”…. but it is amazing what 40 years of neo-liberal brain-washing will do to.