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 To day or not to day #94: Raise the interest rates before a new bubble will affect the economy - Low interest rates were necessary to keep the financial system running. Now the disadvantages outweigh the temporary benefits for a pampered banking sector. Which has already supported enough.
Source: Het Financieele Dagblad, Saturday 14 December 2013. Essay by Frank W. van den Berg, Professor of Financial Economics at VU Amsterdam, previously engineer, banker, industrialist and entrepreneur
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