IHT Managing Globalization: Is it stagflation?

Posted by: Maurizio Morabito — 13 January 2008 1:25 am

May I respectfully point to an article on the Jan 10 issue of The Economist suggesting low rates could be rather more useful at this particular time of subprime borrowing crisis?

In the worst cases, the average levels of interest rates were broadly the same in the years after the initial trauma as they had been before it. In countries that experienced only limited economic damage, policy rates were kept materially lower after the crisis struck” from “Economic Focus – Same as it ever was

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