Geneva group’s report predicts low interest rates forever
Submitted by cpowell on 11:07AM ET Monday, September 29, 2014. Section: Daily Dispatches
Which is to say financial repression and gold price suppression by central banks forever.
* * *
Geneva Report Warns Record Debt and Slow Growth Point to Crisis
By Chris Giles
Financial Times, London
Sunday, September 28, 2014
http://www.ft.com/intl/cms/s/0/4df99d28-4590-11e4-ab10-00144feabdc0.html
A “poisonous combination” of record debt and slowing growth suggest the global economy could be heading for another crisis, a hard-hitting report will warn on Monday.
The 16th annual Geneva Report, commissioned by the International Centre for Monetary and Banking Studies and written by a panel of senior economists including three former senior central bankers, predicts interest rates across the world will have to stay low for a “very, very long” time to enable households, companies, and governments to service their debts and avoid another crash.