Credit Cards: Magic Plastic

Click to enlarge.

Credit card interest rates are shown in red.
The Fed Funds rate is shown in blue.

I guess we can't count on the Fed to lower credit card interest rates any further. We're apparently stuck at the low, low rate of just 1% per month. A steal at any price!

December 27, 2007
Yahoo! Answers: Is it ok to buy stocks with a credit card?

Absolutely! I just read an article that says the world is doing okay!

December 19, 2007
No Recession, But...

With help from the Fed, consumers and businesses should be able to manage the crunch. "While consumers are likely to grow more cautious in 2008, solid income growth should prevent a sharp contraction in spending," says Ethan S. Harris at Lehman Brothers (LEH). Businesses will continue to expand their outlays and payrolls, since they are not overextended with debt, excess production capacity, or inventories, and the lower dollar is providing a stimulus for exports, especially since the rest of the world is doing O.K. But without effective Fed action, the credit vise could begin to squeeze too hard.

Oops. My bad. Lehman Brothers! Bah! ;)

Source Data:
St. Louis Fed: Custom Chart