World rates are on the UP!

[Mega]

Been expecting this since the price of fuel jumped 18 months ago. The ECB went to 4% today with "Room for higher rates" (in other words expect them). BOE is going to go another .25% very soon and might hit 6% by year end.

Kids today think 5% is tough, Bloody Hell when i left school rates were 11%!..........They won't know what's hit them!

I noticed rates all over the World going up, as much spin and mis-counting of inflation can't hide the fact that we are going to see a spike with in the next year.

Factor in US housing and a "1980" type recession is i think a "Slam dunk".

From that?..............the $ will start its slide.

Tough times ahead.

Mega

[lakedaemonian]

Re: World rates are on the UP!

The New Zealand Reserve Bank just lifted to 8%.

[Tet]

Re: World rates are on the UP!

Brazil Central Bank Cuts Lending Rate to Record Low
http://www.bloomberg.com/apps/news?p...=latin_america

The bank has pared the overnight rate at 16 straight meetings since September 2005. Policy makers have carried out cuts of at least half a point at 12 of those meetings with quarter-point reductions at its three first meetings of 2007.

[Mega]

Re: World rates are on the UP!

As i keep saying, i am just layman, but Bloody Hell FIRE, I knew what would happen 18 Months ago. Fuel prices drive inflation, thus i knew rate would have to go higher if you want to fight inflation.

Oh I see a "Fire fight" going on with in the ECB, The Germans want to fight inflation, the French which to let it rip as long as they get growth.

If i were the Germans i "Explain" to the French that last time Germany let her guard down on inflation was in the 20's/30's................not long after Germany went on a bit of "Tour" of Euroland!

Mega