Fed Scaring People Betrays Low-Rate Addiction, Denmark Says – Bloomberg 08-28-13

Salient to Investors:

Denmark’s Economy Minister Margrethe Vestager said world reaction to talk of Fed tapering clearly shows how addicted people have become to record-low rates and a reminder that low borrowing costs are still underpinning demand across much of the globe.

The IMF said Denmark’s record debt levels make them more vulnerable to shifts in rates, while the OECD estimates Danish households have 310 percent debt relative to their disposable incomes, a world record.

Read the full article at  http://www.bloomberg.com/news/2013-08-27/denmark-says-fed-scaring-people-highlights-low-rate-addiction.html

Click here to receive free and immediate email alerts of the latest forecasts.