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Von Greyerz: Interest Rates Above 10%?

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Inflation is the big issue. In the USA, the FED is raising key interest rates by 0.75%, but it is largely helpless. It is likely that interest rates will rise as sharply as they did in the UK in the 1970s. This puts further pressure on asset values inflated by low interest rates, actually a deflationary force. Everyday goods are rising at double-digit rates, pulling money out of people’s pockets, leaving less and less money for consumption and other spending. Read more…

http://goldswitzerland.com/


Source: https://goldswitzerland.com/von-greyerz-interest-rates-above-10/



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