World Bank Warns of Financial Turbulence if US Fed Raises RatesBy Eric Blair The BBC summarizes: The World Bank has warned developing countries to brace themselves for possible financial turbulence when the US Federal Reserve starts to raise interest rates. It could come as early as Thursday when the Fed concludes a policy meeting. A new report from the World Bank says there will probably be a modest impact on developing countries. But it also warns there is some risk that it could be worse. The Bank says it is possible that there would be sufficient disruption to capital flows into developing countries to harm economic growth and financial stability. Perfect storm US interest rates have been practically zero for more than six years and as the economy continues to recover, the Fed is sure to raise interest rates at some stage. The prospect has been a major concern for financial markets all year. Developing countries are bound to be affected when it happens and the first step might be imminent. The report concludes that the developing world should be hoping for the best but preparing for the worst. The hope is based on an expected slow increase in interest rates and the strength of the US economy (as indicated by rising rates). At this time, the US economy doesnt appear strong enough to warrant a rate hike after the Feds policy meeting. Yet it seems inevitable that they will try to raise rates at some point even if only to test the outcome. The good news is that people in these nations and around the world will likely have a little more time to prepare for the disruption that the World Bankexpects. Eric Blair writes for selfnewsPost.com It will be a debt crisis. if you mean Saria law your a Dunb ass.guess you want the One World Order. hope it works out for you. a real American will most likely shoot you! real American will most likely shoot you!? 