Interest rates must rise worldwide, says BIS (BBC)

[eppur_se_muova]

The Bank for International Settlements (BIS) has warned that low interest rates across the globe are a threat to world financial stability.

The BIS warned low cost of borrowing had resulted in a credit and property price boom that was fuelling inflation, especially in emerging economies.

Central banks across the globe have cut interest rates in an attempt to boost growth after the 2008 financial crisis.

However, BIS warned that the policy may prove to be counterproductive.

"The prolonged period of very low interest rates entails the risk of creating serious financial distortions, misallocations of resources and delay in the necessary deleveraging in those advanced countries most affected by the crisis," the bank said in its annual report.
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more: http://www.bbc.co.uk/news/business-13922857

[xchrom]

1. Recommend

[midnight]

2. I'm not sure about the rising interest rates... But I would like to see

employment rise, rich people pay their fair share rise, and I would definetly like to see the oversight of these banking scandals rise..

[bemildred]

3. Translation:

"The prolonged period of very low interest rates" :: "Continued easy credit"

"entails the risk" :: "might"

"of creating serious financial distortions," :: "waste money"

"misallocations of resources" :: "on people who are not rich"

"and delay in the necessary deleveraging" :: "thus delaying re-capitalization of bankrupt financial institutions"

"in those advanced countries most affected by the crisis," :: "in the USA and Europe"

the bank said in its annual report."

[Hawkowl]

4. Fuck them!

They are saying this because the idle rich are largely dependent upon a positive interest rates on their bonds to continue growing their wealth! For working people high interest rates are bad, but low ones are good, because we do not depend upon sitting on our lazy asses skimming usurious interest from labor!

Fuck them! They crashed the system and now they are going to pay! One way or another.

[PassingFair]

5. Not until they are done sucking every fucking PENNY...

from the real economy.

:cry: