Interest-rate Increase Could Trigger Global Recession
This article appeared online at TheNewAmerican.com on Tuesday, September 15, 2015:
With every eye focused on the Board of Governors’ meeting of the Federal Reserve System on Thursday, expecting the earth-shaking announcement that it will, or won’t, raise interest rates for the first time since January of 2008, few are considering the global implications if it does.
Expectations in the very short run are modest. The debate centers on whether rates should be increased by a tenth of a percent, or a quarter of a percent. In the real world it isn’t likely to matter: New car loans will be adjusted upward by a couple of dollars a month and new home loans will increase by perhaps as much as $50 a month, probably less. This is likely to galvanize some fence-sitters into action, drawing future purchases into the present.
The real impact in the long run, however, is several-fold:
Keep Reading: Interest-rate Increase Could Trigger Global Recession
Source: http://lightfromtheright.com/2015/09/15/interest-rate-increase-could-trigger-global-recession/
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