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David J. Greenlaw, chief United States fixed-income economist at Morgan Stanley, said, "The risk is that you could have another sharp correction in interest rates -- like last year -- the way the market is behaving".
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Mr. Hughes of Rutgers relies on a different set of numbers than Mr. Otteau cites, but both concluded that house prices in the region would drop by at least 15percentt in the current correction, despite the recent decline in interest rates.
That, after all, is what share prices have done in the past whenever a 20% stock-price correction has met a sharp cut in interest rates at a time of low inflation.
On the downside I would say that a rapid rise in interest rates or a significant correction in stock prices would cause the most damage.
Mr McDermott predicts that we would need a major world conflict or an acute rise in interest rates to see equities endure more than technical correction.
Spikes in interest rates.
A Spike in Interest.
Harris said the Lib Dems were backing a public interest defence for journalism if newspapers printed a correction in a reasonable way.
Despite fears over the US economy and rising interest rates around the world, stocks enjoyed another buoyant year, despite a minor correction in May.
In addition, the model included covariates of no interest for incorrectly answered trials and the realignment parameters derived from the motion correction in the data preprocessing.
Jacob made another correction in my drawing.
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