Reuters - Investors rushed to bet on
higher interest rates on Friday, dumping bonds on a conviction
the world's top central banks were turning from nursing
economies hobbled by a credit crisis to battling inflation.
RLCC Comment: Such a monetary change will worsen unemployment in the U.S. It will drive wages down. We will have a recession with rising unemployment and rising interest rates. The balance of trade won't be cured by the weakened dollar either because of globalization of the workforce. Deficit spending will continue.
The real cure they won't do, because it would mean the giving-and-sharing, cooperative economy. Their greed won't allow them to do that.
A new "New Deal" (only more so than the first one) is the lesser of evils if they are going to stay with capitalism at all rather than go with voluntary communism (where real Christianity leads).
, obtained via: , April 25, 2008, 4:00am