[lbo-talk] anxious

[Cseniornyc at aol.com]

CB: Why wouldn't bankers like high interest rates  ?
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Because low rates actually means more business, more credit is extended,  
more turnover is accelerated. High rates would mean the piercing of many ongoing  
asset bubbles, especially housing as that debt has to be repaid at more 
onerous  terms in times of stagnating incomes. Therefore less business for bankers, 

 less bonuses and beach houses to buy for themselves.
Cristobal Senior
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