|
World Bank Issues Warning that Increase in Rates will Cause Economic Slump |
|
|
|
|
Written by Users Idea
|
|
Wednesday, 18 November 2009 |
The World Bank has recently issued a warning, whereby they mentioned that a swift increase in interest rates in the country will have adverse effects on the entire economy. The World Bank has also mentioned that if the Feds were to increase the interest rates at a dramatic rate, this will cause major inflation and asset price, which might cause yet another major downturn in the country.
Personally, I believe that the current interest rates offered by financial institutions are really ideal for consumers. For example, if you happen to be thinking about becoming a home owner, then perhaps you should seriously consider purchase a house now, as clearly, the interest rates are at an all time low property prices have gone down considerably as well.
Do you think that this is the right time to invest into real estate?
 |
Subscribe to this comment's feed
