Quote:
Originally Posted by username
I wouldn't say there's no way in hell that will happen again. If you would have told me in July 08 that oil prices would be 35 bucks by Dec of 08 and that the world wide banking industry was about to collapse I probably would have thought you were insane.
Now to suggest that inflation could hit 10 percent in the next 5 years really isn't that insane when one considers that the global money supply has ballooned in the last 16 months. Combine that with the possibility of 150 dollar oil again and ya, 15% interest rates are not ridiculous to consider. I'm not saying it's going to happen, just it's not as insanse as oil hitting 33 dollars from a high of 150  |
Interest rates =! Oil prices. Commodity prices swing with a lot of volatility, that's a known fact. Interest rates don't, apart from that ridiculousness we call the 1980's.
I cannot see us going over 10%, even if all the stimulus related hyper-inflation concerns many pundits have talked about come true.