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RE: 7 Ways Higher Interest Rates Will Reshape The World Economy

in #economics • 8 years ago

@jasonstaggers - Perfect article! We should write more of these to attract people's attention, at least Steemit users and especially what they can do NOW in order not remain with nothing.. Upvoted!

The only thing - instead of words "decrease" and "go down" I would use "crash" and "fall of a cliff". The driver of global economy of the course of last 40 years was constant decrease of interest rates , as you said, such that people can borrow more and more and sustain debt servicing.

Once this house of cards starts falling it will have a huge effect on the economy, even more then the Great Depression. The US should decline ~55% GDP; Europe ~45% GDP...

But anyways, article is cool ;)

8 years ago in #economics by
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     8 years ago 

    Thanks very much @conspi-theorist. You are right. "Crash" is probably a much better description of what we should expect.

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