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Pierre · 24-05-2004, 10:24

There is absolutely no way interest rates will rise to 8% in one or two jumps.

The result would bring the country's economy to a standstill. It's scaremongering. No economist with an ounce of common sense would ask or predict such a thing.

Expect rates to go up to 5% / 5.5%.

If rates went up to 8% it would be over years not months.

24-05-2004, 10:24	#7
Pierre The Dark Satanic Mills Join Date: Dec 2003 Location: floating in the ether Posts: 13,280	Re: housing crash 'could happen' There is absolutely no way interest rates will rise to 8% in one or two jumps. The result would bring the country's economy to a standstill. It's scaremongering. No economist with an ounce of common sense would ask or predict such a thing. Expect rates to go up to 5% / 5.5%. If rates went up to 8% it would be over years not months. __________________ The wheel's still turning but the hamsters dead.