Looks like your interest rate forecast is going to be wrong. Governments around the world are likely not raising rates.
You are possibly right, although we believe that rate increases remain the goal of ALL central banks. Not rising rates at this time is surprising. Actually, quite worrisome. The ‘about face’ of the Fed in the US, Britain and now Europe is much more scary than higher rates would be. Higher rates bring us back to normalcy. Currently, the economy in the US is spectacular. Unemployment stands at record low, employment high, US dollar high, etc. All signs are that rates should be raised to get that cushion governments want and need for the time of a downturn. This sharp reversal after much fanfare means only one thing: Governments know something that you and I do not. They fear something. That scares me also. (Revisit last issue of Oz Buzz.)