Private Sector Debt is the Problem. Much Higher Government Deficits are the Solution. Except in the Eurozone where Euro is the problem and no Euro the solution.Notes on the Next Bust
The era of low interest rates is not over. And this is so obvious I don't even know why I have to write this...
Ari Andricopoulos
1 comment:
Government sets the rate… it’s not coming down unless the govt does it and govt now increasing the rates…
The higher rates will create higher interest income for savers so they won’t have to save as much to achieve interst income goals.., so the deficit will come down…
You will have higher rates with smaller deficits… leading flow will be much higher as will tax receipts as interest income is taxable…
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