Wednesday, September 16, 2015

Fed Tightening 'Threatens Disaster For Debt Saturated Global Economy'



By Jeremy Warner, Sep 13, 2015 Telegraph

Decision time approaches for the US Federal Reserve. It’s been a long time coming. Yet for all the months of anticipation, and the acres of column inches the decision has already attracted, it will be no less momentous an event. If the Open Market Committee takes the plunge, it will be the first US rate hike in nearly 10 years.

For much of this time, rates have remained close to zero. Admittedly, a rise of just 0.25 percentage points would, to most people, seem neither here nor there. Yet it would at least be a start, a first baby step on the long march back to interest rate normalisation – if not the relatively high real rates of interest we had before the crisis. Few think global demand will allow for this latter prospect for a long time to come.


Read More: http://www.telegraph.co.uk



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