So, the doomsayers are talking about interest rates at 8%. Sometimes I believe that by sticking one’s neck out so much and going to the extreme it is done so they can say “we told you so”. If it doesn’t come to pass – well nobody will remember and they’ll tell you that a prediction of 8% interest rates was only a scenario. By the way, have these prophets of doom taken any actions to protect themselves? If so, tell us and we’ll give your views more credence. As somebody who runs a debt advice charity the thought of rates at 3% worries me – never mind 8%. Even 3% is curtains for a substantial number of householders. For them it is the beginning of financial armageddon.

Written by FDAdmin