Thursday, 22 July 2010

No 'preordained path' for interest rate increases or do you like to gamble your savings away?

Canadian interest rate policy is changing!  The UK also has a split in it's voting.  When the crack appears deminishing returns for fighting inflation already built into peoples debt burden will accelerate extremely rapidly.  The idea of avoiding a second dip is pretty silly in face of the existing debt overhang and war economics.

Do you believe the conventional wisdom?

No 'preordained path' for interest rate increases



Sent from my iPad with a grain of salt and a peppering of truth.  

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Sketches from scratches is a provocative blogspot that has grown out of the Wuh Lax experience. It is eclectic, which means that it might consider just about anything from the simple to the extremely difficult. A scratch can be something that is troubling me or a short line on paper. From a scratch comes a verbal sketch or image sketch of the issue or subject. Other sites have other stuff that should really be of interest to the broad reader. I try to develop themes, but variety often comes before depth. ... more!