Greenspan predicts double-digit interest rates. [news item]

[samoth]

WASHINGTON — Former Fed Chairman Alan Greenspan predicts in a new book out Monday that the Fed will have to raise interest rates to double-digit levels in coming years to thwart inflation.

http://www.usatoday.com/money/economy/fed/2007-09-14-greenspan-book_N.htm?csp=34

 

[samoth]

In related news...

"Since 2001 the dollar has lost more than half its value against the euro."

http://www.latimes.com/business/la-fi-dollar15sep15,0,3975846.story?coll=la-home-center

 

[hanselthecaretaker]

This could have all been avoided if the Fed was never created in the first place.

 

[rnch]

president bush has mortgaged the future of us and our children to make his business buddies rich(er).

 

[b0und]

Yep, America will have to pay the trillions that the war in Iraq will end up costing for the next couple of generations.

hansel: How is the creation of the fed responsible for this mess?

Just asking for elaboration.




b0und (?)

 

[Razorguns]

i hope so. it'll encourage savings.

lowering rates will spell disaster. it will make my dollar another another form of toilet paper. helicopter ben don't do it!

 

[Lestat]

In related news...

"Since 2001 the dollar has lost more than half its value against the euro."

http://www.latimes.com/business/la-fi-dollar15sep15,0,3975846.story?coll=la-home-center

good article

 

[Mavafanculo]

WASHINGTON — Former Fed Chairman Alan Greenspan predicts in a new book out Monday that the Fed will have to raise interest rates to double-digit levels in coming years to thwart inflation.

http://www.usatoday.com/money/economy/fed/2007-09-14-greenspan-book_N.htm?csp=34

he wrote the book before the sub-prime crash tho.

with the housing bubble bursting, and the liqidity crisis they may have to cut rates short term (starting this tuesday) rather than start raising them.

the perils of being an economist lol.

 

[EnderJE]

i hope so. it'll encourage savings.

Yeah, but that's a bad way to do it. I'm always hoping that people see the larger picture and do what's best for themselves and not react to a knee jerk item.

But then I get disappointed alot.

 

[fistfullofsteel]

my college economics professors always took whatever he said about the economy as the word of undeniable truth.