Bangkok Post, Thailand, Nikhil B. Srinivasan Column.

By Nikhil B. Srinivasan, Bangkok Post, Thailand Knight Ridder/Tribune Business News

Dec. 11--As noted last week, I will try in today's column to put some perspective on the issue of interest rates and where they may be headed.

People started commenting on a possible increase in interest rates in this cycle two years ago. They were wrong, the US economy slowed and the Fed kept things loose. Then, for the past year, it has been common to hear about deflation and the risks of deflation. Regular readers may recall that I have never been a supporter of the deflation argument -- not to suggest that the risks were not real, but that it was unlikely to really become a serious global …