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Long High Rates Seen To Persist Says Economist
Economist Tilford Gaines of Manufacturers Hanover Trust warns that interest rates will stay high for years. He argues a long credit buildup since 1962, fueled by widespread spending and limited credit supply, has driven rates to historic highs and will keep them elevated despite inflation hopes.
MENTIONED IN THIS ARTICLE
Uncle Harold
Washington
Tilford Gaines
Gaines
Manufacturers Hanover Trust of
New York
United States
Newspaper Enterprise Assn