Jim Grant critiques Greenspan
Posted in Economy on April 12th, 2010 by Paul Deng – Be the first to commentJim Grant has some tough words on Alan Greenspan, and central bankers in general.
Archive for April 12th, 2010
Rates will only go up
Posted in Economy on April 12th, 2010 by Paul Deng – Be the first to commentHow the coming rising of interest rates will affect American consumers:
Even as prospects for the American economy brighten, consumers are about to face a new financial burden: a sustained period of rising interest rates.
That, economists say, is the inevitable outcome of the nation’s ballooning debt and the renewed prospect of inflation as the economy recovers from the depths of the recent recession.
The shift is sure to come as a shock to consumers whose spending habits were shaped by a historic 30-year decline in the cost of borrowing.
