When U.S. Secretary of Treasury Tim Geithner traveled to the G20 summit in Toronto a few weeks ago the agenda in his briefcase was one for growth, even if it meant extending government aid a while longer to ensure that the world collectively has escaped the grips of recession. Not all foreign governments at the [...]
Interest Rate Forecast: Lower Rates for Longer
We have changed our interest rate call: we expect rates to remain low for the remainder of 2010 and into 2011.
Interest rates have remained stubbornly low for some time. Many of the reasons are well known:
No pressure from inflation: Core inflation in the US is close to 1.0% (and probably headed lower). The employment and [...]