Saturday, 22 July 2017

Future of Money

“Lehman ‘Prophet’ Fears Second Crisis If US Interest Rates Are Kept Low”

Posted by
December 29, 2010

“The criticism of the Federal Reserve comes as it embarks on another $600bn (£380bn) of quantitative easing – or printing money – in an effort to fire up a stronger recovery next year. Interest rates around the western world, including in Britain, have sat at or below 1pc since the near collapse of the financial system in 2008 triggered a global recession. “If interest rates ever do go up again, you have another crisis,” Mr Einhorn told The Sunday Telegraph.” Read more

“Lehman ‘Prophet’ Fears Second Crisis If US Interest Rates Are Kept Low” 
Richard Blackden 
The Telegraph, December 26, 2010. 

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