As rates begin to rise in anticipation of Fed "tapering," we would expect an eventual reversal as economic indicators begin to deteriorate. In other words, there is a ceiling on the pace of this economic recovery until deleveraging runs its course (which could be a long while).
Surprisingly, it appears that economists may agree with one another much more frequently than is thought. We would be remiss if we did not point out that this is not necessarily a good thing for two reasons.
Earlier this week, the Dutch government gave final approval to one of the strongest open Internet laws in the world. Imagine that. A government guaranteeing through law that Internet connections can't be manipulated by big telecom companies.