Have High Interest Rates Created The Risk Of A Crash? - Richard Murphy

8th August 2024

Economics says high interest rates should deflate share prices. But that's not been true since 2021, because the real world does not work the way economics says it does. Instead, high interest rates have led to high share valuations. And now all that could change.

ABOUT RICHARD MURPHY
Richard Murphy is Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best known book is ‘The Joy of Tax'.