Richard Murphy on Nostr: High interest rates are a sign of considerable pain to come . Markets think higher ...

High interest rates are a sign of considerable pain to come https://www.taxresearch.org.uk/Blog/2023/08/18/high-interest-rates-are-a-sign-of-considerable-pain-to-come/. Markets think higher interest rates can help us avoid a recession. The trouble is that they are deeply deluded. The exact opposite is true. Current rates are creating a crisis that is going to get very nasty.