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I can't see this economist article - the usual paywall. But this short snippet by the BBC explains that the market anticipates that interest rates will rise as
by willvarfar 9y ago
I can't see this economist article - the usual paywall.
But this short snippet by the BBC explains that the market anticipates that interest rates will rise as wages rise faster than expected - http://www.bbc.com/news/av/world-us-canada-42955578/us-market-meltdown-explained http://www.bbc.com/news/av/world-us-canada-42955578/us-marke...
- simias 9y agoThe article mentions that but half dismisses it by saying that nobody can know for sure: >The swoon set tongues to wagging, about its cause and likely effect. There can be no knowing about the former. Markets may have worried that rising wages would crimp profits or trigger a faster pace of growth-squelching interest-rate increases, but a butterfly flapping its wings in Indonesia might just as well be to blame.