October 7, 2008, 1:11 pm
The Fed: Raising Rates To Make The Consumer Feel Better
Added on:
2008-06-30
Country:
United Kingdom
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Description:
The US economy is entering its selling season, which lasts from mid-Summer to mid-December. It starts with car and travel deals and end with Christmas buying. There will not be travel deals this year. Cars are a different matter. “Interest free” loans are back. They work better for the consumer and better for Detroit if interest rates are moving up in other sectors. The deal on that car seems better.
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