Peter Crane
Peter Crane
Sir Peter Crane, FRSis a former Director of the Royal Botanic Gardens in Kew, London. He is a fellow of the Royal Society, a foreign associate of the United States National Academy of Sciences and a foreign member of the Royal Swedish Academy of Sciences since 2002. He was awarded a knighthood on 12 June 2004...
chickens income money paid park reason saying sit thrilled time wait
The saying goes, it's not bulls, not bears, but chickens who put their money in cash; they park it there and wait for better opportunities, ... So those chicken investors, and retirees and income investors, have reason to be thrilled about the rates, because for the first time in a while they're going to be paid decently to sit there.
almost anticipate break cash certain continue expect fed grow hike interest percent rates seeing since time yields
We're seeing interest in cash for the first time since 2001, practically, and we expect the interest to only grow as rates continue to rise. Yields are still digesting the Aug. 9 Fed hike and be- ginning to anticipate an almost certain Sept. 20 rise, so we should see yields break through 3 percent and keep going.