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I don't know the Aussie economy as a whole, but there's a healthy start-up culture in the IT sector. In the UK the banks tend to hoover up a lot of the talent, and if you can earn $200K to $300K with minimal risk in that sector, why try something riskier? The PR is that there are a number of...

I think that it depends where you are. The US is showing signs of a weak recovery. Whether or not it's sustainable is a different matter. The UK is pretty much bouncing along the bottom. It's been up for a few quarters, then down again. I think that Ireland is much the same, albeit in a...

The argument that I've heard is that the stimulus is building up inflationary pressures in the system, which could lead to it rising as the economy recovers. If the natural base rate is a couple of percentage points above inflation, and interest rates are a couple of percent above that, then...

Saying 10% interest rates aren't coming back is perhaps optimistic. If you look at the historical data, mortgages were around 9.5% in 2008. If the various QE programmes from around the world feed through into inflation then they could rise sharply. Similarly, a Eurozone meltdown, or other...