It's a poor sales pitch and Tom does a nice rebuttal, but in amongst the hype MW do make a couple of important points the majority of the financial press seem to ignore;
QE and artificially low interest rates are simply shoring up the banks and cheap Govt borrowing
When interest rates finally go up (and they will) it's not just mortgage payers who'll be fucked
It's a poor sales pitch and Tom does a nice rebuttal, but in amongst the hype MW do make a couple of important points the majority of the financial press seem to ignore;
QE and artificially low interest rates are simply shoring up the banks and cheap Govt borrowing
When interest rates finally go up (and they will) it's not just mortgage payers who'll be fucked