Banking chiefs head for the hills in bid to leave cheap money behind
At the Jackson Hole bankers’ summit this week, the talk will be of ending quantitative easing – and this time it will be serious
Oh ya 3 year ago
Smoke and mirrors. The US government can not afford higher interest rates as they are borrowing money now to make ends meet. Half the yearly budget comes from taxes and they have to borrow the rest. If they had to pay real interest rates they would have to borrow more. Nothing is going to happen until the USD collapses which could happen sooner than most think