Stock markets around the world seem to want to tumble.
This may be a correction (and relatively short lived) or the start of a prolonged downturn with interest rates rising after a very long period of historic lows.
Some of our children have no idea of the sorts of interest rates we paid on our mortgages. At one time (1992?) UK interest rates reached 15%. Today, it is borrow, borrow, borrow as money is cheap. These days may be ending.
11 Feb 2018
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