will help avert a meltdown in the world’s financial system but will inflict higher inflation and higher interest rates on the economy, said Canada’s CIBC World Markets. “While the cost of taking another path will never be known, the cost of the one chosen is clear enough,” said Jeff Rubin, chief economist and chief strategist…
MARKETS: Wall Street bailout will raise oil prices, inflation and interest rates, says Canada’s CIBC
Posted on September 25, 2008 by EnergyAsia