Bouvet: Don’t be fooled by the interest rate conundrum

Interest rates have fallen dramatically in the US and the eurozone, notably since March. Normally when that happens it's a pretty good sign that markets are predicting a dramatic slowdown in growth or even a recession. Don't be fooled. There are a number of reasons why we're not facing that, at least not yet. And we're going to have to wait a while longer before rates once again reflect economic fundamentals