Quote:
Originally Posted by glenluceskies
Chris, if I take on your "prediction" as a hyporthetical (you sound well versed in this topic than I am), from history of past major crashes, what is the trend for interest rates then? Because there is talk of them commencing an upward trend?
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I trust that modern politicians will heed the lesson that Hoover provided in 1929 when he didn't raise interest rates as he should have to curb borrowing. Debt in the upper classes spiralled out of control as they were the only ones who could afford it. Today we can all over-borrow and the banks are keen to please. To answer your question I reckon interest rares will have to rise substantially. Only my opinion, and a guess at best.