Quote Originally Posted by Gandalf View Post
Let's have this discussion when interest rates go up a few percentage points. They will go up and along with Trumps neo liberalism the markets will uncoil and then let's see how it potters along. If nothing happens then I will hold my hands up and say I was wrong. How's that for fair? I have always said the debt mountain hinges on interest rates.

Same out here. Rates are low, but personal debt has gone up 11%. They have no idea how to manage it.
What do you expect to happen?

If interest rates do go up four or five points what does that mean has happened to economic growth?

EDIT: Tomorrow when I have the time I'll explain the debt mountain to you. Too much to deal with today.