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Not this time. The fancy pants bankers are going to be out of work for a loooooong time this go round. The shenanigans are all predicated on cheap credit. In
by kingkongrevenge 18y ago
Not this time. The fancy pants bankers are going to be out of work for a loooooong time this go round.
The shenanigans are all predicated on cheap credit. Interest rates world wide will be going up, up, up!
- Tichy 18y agoWhy? Isn't credit a market like any other, regulated by supply and demand? What makes you think interest rates will go up?
- kingkongrevenge 18y agoTrillions worth of wealth are going poof all over the world. That's the supply diminishing. Governments are also trying hard to inflate, which will drive rates up.