01-11-2009, 09:40 PM |
Ayman Ahmed
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Re: Zero-Interest Economy: Is the Capital Economy out of Remedies? (Re: Ayman Ahmed)
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A brief follow up shows further reduction in interest rates. The US has reduced it's interest rate further down to below 0.25% while the UK has reduced it to a record 1.5% (approximatly) making it the lowest recorded rate since 1694 YES....1694 as reported. We have to ask ourselves is such a crisses a wake up call for the rest of us who do not contribute to the economic decision or is it a chance to rethink the whole notion of " No economy can survive on 0% interest" !!!!!
Ayman Ahmed
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