Low rates are no longer an answer to low growth

Max Walsh, 8 May 2014

Interest rates Money has been cheap for many years and may stay that way. But injecting cash directly into the economy might work much better.

How much in the way of savings will you need to fund your retirement? I'll answer. It's probably much more than you imagine. That's because we tend to regard the present historically low interest rate regime as a temporary aberration that will soon return to normality. Then the magic of stronger and compounding interest rates will kick in.

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Max Walsh

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Max Walsh was for many years one of Australia’s top economic and political commentators, highly regarded as a journalist, author and broadcaster. Throughout his career, Max was involved in all dimensions of the media industry, which has encompassed positions with two of Australia’s largest publishing companies and television networks.

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