Economic Comment: Interest Rates

Is nobody listening? The U.S. recorded a 2% inflation hike last MONTH! That's not 2% per year - we're talking about a MONTH. Let me do the math ... that's 24% inflation equivalent per year!! Surely this is anomalous or an error ...

When short rates breach the 5% barrier on the upside, we will be looking at an entirely new interest rate scenario, not seen since the 1980's.

I'm glad I don't have a variable rate mortgage to deal with.