But with slower growth, interest rates would be likely to fall.
So far, President de la Madrid has chosen debt service over growth, interest repayment over investment.
During those disorderly times, high inflation wrought enormous economic damage, making GDP growth, interest rates and company profits more volatile.
"Fundamentally, the pound's value is determined by economic growth, interest rates and a view of the UK's economic future," says Mark Horgan, at Moneycorp.
Early 2006 is likely to see a continuation of these factors, and while the headwind of an eventual "normalization" of credit quality and capital market conditions will inevitably crimp future profit growth, interest rate rises in the Eurozone may benefit margins.
Last month's MediaPost headline says it all: "Online Poised To Break 25% Budget Milestone, Mobile Fueling Half Its Growth". With this growth, interest in and confusion over native advertising is likely to grow.
"That is why a property crash is a problem for the banks".Property bubbles almost always start because fundamentals such as population growth, interest rates and economic expansion are benign.
Messrs Broda and Weinstein make several estimates of how far taxes will have to rise to stabilise Japan's finances, based on different assumptions about economic growth, interest rates and the evolution of Japan's welfare state.
First, there are relatively low expectations right now around economic growth, interest rates and inflation.
The money you borrow from your 401(k) is temporarily removed from the underlying investments, missing out on any market growth, interest, dividends, etc.
