I don't think they will go lower. I believe what the Bond Market says. UK IR's are going back to normality and then higher. 7% would be my estimate. Commercial lending being 7% + margin.
Inflation beckons. Those who are hurt by inflation vote. A lot.
The Baltic Dry is collapsing again. The price of a shipping container from Japan to West Coast USA have slumped by a third to less than £700 since March. The system is badly badly damaged.
This Winter will be bad. Winter 2010 will be horrific for airlines.
WWW