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Sun 5 Dec, 2004 07:30 am
The US trade deficit grows, the budget deficit grows, the dollar continues to be devalued against most currencies, the euro may replace the dollar in oil pricing and we are the world's largest and deepest debtor nation.
So, another recession coming soon? Or at the end of the war, whenever that is, will there be an even steeper climb in interest rates as occurred after Viet Nam or has the current administration got the plans to make it all good?
Joe
I'm really not very famaliar with the drivers of the Prime rate but I'll pick "7% or more" just because I think that's where the historical trends take us. (Rates have been at historical lows for the last 10 years or so no?)
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