Comments on: When Will Interest Rates Go Up Again?

By: M.I. Nanalien

M.I. Nanalien — Tue, 16 Feb 2010 05:25:48 +0000

Interest rates rise when bankers fall – old chinese saying. Until corrupt financial and political system regains credibility, economy rolls along bottom of manure trough.

Systemic problems, including peak oil, aging baby boomer demographic, financial corruption, outsourcing of lower,middle and upper middle class jobs to 3rd world, and government debt levels that would choke a python, preclude any real recovery until the end of the decade.

Bernanke knows he is driving a piece of crap that could fall apart at any time, if he gooses this clunker with an interest rate rise, the wheels will fall right off and he’ll be back testifying before congress how he needs 5 trillion dollars to bail out the banks and his buddies at Goldman Sachs. This ain’t your grandfathers Depression, they’ve managed to invent a real doozie this time.
There is no way out without real change and no one wants to rock the boats that they are being overpaid to captain for the corporations that own our economy.

Interest rate rise? You must be thinking of China.

By: David @ MBA briefs

David @ MBA briefs — Tue, 16 Feb 2010 02:24:34 +0000

Too funny! I can hear Ben Bernanke saying “…we have to get this poo moving again!”

I hope monetary policy works so we don’t have to be subjected to anymore fiscal policy. I like the analogy of removing the mole and inflation – great visual.

Another great article!
David @ MBA briefs´s last blog ..Easy ways to improve your memory

By: Josh

Josh — Tue, 16 Feb 2010 01:24:23 +0000

It’s strange how there is such a large disparity between the US and Australia in terms of interest paid on deposits.

I’m currently receiving 5.6% per annum on just a standard online savings account. Perhaps you Americans should consider opening up accounts via Everbank (the foreign CD bank) in Australian dollars?