Less certain is the outlook for long-term interest rates, most likely a story of rising yields.
Iceland's long-term interest rate is just over 8%, compared with over 13% for Greece.
By its own words, the goal of quantitative easing (QE) was to lower long-term interest rates.
Another sign of trouble is the current large gap between short-term and long-term interest rates.
Short-term and long-term interest rates are virtually on the same level -- another disturbing symptom.
Their attacks could ultimately backfire if they undermine investor confidence and push up long-term interest rates.
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But the appeal is to emotion, not to the practical, long-term interest of helping the disadvantaged.
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Investment has been strong and will be helped by recent declines in long-term interest rates.
Now, many borrowers are stuck with long-term interest rates of 6 percent or higher.
But, as markets perceive a lower risk of inflation, real long-term interest rates are falling.
Too much public borrowing may raise long-term interest rates, offsetting the stimulus in a milder way.
Long-term interest rates have also been falling sharply of late, and may have further to fall.
As the economy strengthens--whether a little or a lot--it is likely that long-term interest rates will rise.
These monetary stimulus policies have pushed intermediate- to long-term interest rates lower than they would be otherwise.
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Instead, they rose, pushing down long-term interest rates, a signal that investors fear recession more than inflation.
That should mean Britain's long-term interest rates are even lower, now, than they might otherwise have been.
Again, as discussed HERE , we think it depends on what long-term interest rates do next.
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It would also increase the demand for long-term bonds, thereby holding down long-term interest rates a little longer.
With short-term and long-term interest rates at near low levels, the two meetings are expected to be non-events.
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Ben Bernanke is intent on keeping long-term interest rates low for the foreseeable future, as he reiterated yesterday.
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For low long-term interest rates, by holding up the bubbly property market, are underpinning American consumption and growth.
"We need to invest in America's long-term interest of doing diplomacy in a dangerous world, " Mr. Kerry said.
America's Federal Reserve will also do more QE and may set an explicit target for long-term interest rates.
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Inflation will also mean higher long-term interest rates, which will hurt housing in particular and the economy in general.
Low long-term interest rates, far from being out of kilter, are actually an accurate sign of incipient economic weakness.
If that theory is correct, long-term interest rates could rise sharply and suddenly.
He responded that, since stocks are infinite maturity instruments, they should logically be priced off of long-term interest rates.
Moreover, as noted below, the precise level of long-term interest rates is not the main constraint on borrowing here.
Because growth-stock buyers are sensitive to long-term interest rates, the stocks will be under pressure with strong GDP growth.
Higher long-term interest rates would lower liabilities, because they would reduce the gap between pay-out rates and investment returns.
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