Accept It − The Bias for Interest Rates is Upward
Abstract:
The current situation may look bleak, but there is actually some hope in the way that developments are unfolding. The worsening worldwide prospects for interest rates and growth are forcing a reassessment of the demand outlook for oil. This should lead to at least a temporary easing in the price. It has been high-priced oil and gasoline, added to the forced savings of the credit crunch and the U.S. housing collapse, that have stood in the way of consumers rescuing the economy.
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The current situation may look bleak, but there is actually some hope in the way that developments are unfolding. The worsening worldwide prospects for interest rates and growth are forcing a reassessment of the demand outlook for oil. This should lead to at least a temporary easing in the price. It has been high-priced oil and gasoline, added to the forced savings of the credit crunch and the U.S. housing collapse, that have stood in the way of consumers rescuing the economy.