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How has the Heritage Foundation prediction of soaring interest rates from four years ago panned out?
But this is a relatively small failure of prediction compared with the dire forecasts of soaring interest and inflation rates.
Instead, she has wielded the pain of soaring interest rates as a cudgel to extract painful changes — and demand leadership changes — in countries like Greece and Italy that have proven resistant to those changes in the past.
Argentina had to postpone a $750 million bond sale last week because of soaring interest rates, raising doubts internationally about whether the country can make an estimated $23 billion in interest payments this year.
"George Osborne and David Cameron boast that their policies saved Britain from a Greek-style crisis of soaring interest rates, apparently oblivious to the fact that interest rates are at historic lows all across the western world".
Rogoff in 2011 told Congress that right now was "absolutely" the time to start cutting debt, according to Sen. Tom Coburn (R-Okla).. Now that their thesis has suffered a potentially fatal blow, and the "fiscal tsunami" of soaring interest rates they predicted has still not materialized, Reinhart and Rogoff are re-writing history and appearing to get a little cozier with the idea of debt.
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We cannot risk of a loss of confidence leading to soaring interest rates.
This shift probably has its roots in the 1970s, when voters saw their faith in government shaken first by Vietnam and Watergate and then by a series of economic calamities: soaring interest rates, inflation and gas prices, the onset of industrial collapse and global competition.
Officials of Jefferson County in Alabama told their lawyers to prepare a bankruptcy filing if the county was unable to reach an agreement with creditors over how to escape from $3 billion of bonds with soaring interest rates.
Amid dwindling garden centre sales and the slow decline of horticultural societies, the soaring interest in chilli growing seems to be the one field of gardening that is bucking all the trends.
This is a potentially nightmarish view: a sudden loss of confidence, capital flight, soaring interest rates and a run on the yen.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com