Loans and Finance

Loans and Finance

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News and information about loans, money, debt, finance and business issues.

Wednesday, August 10, 2011

US Rates Frozen Until 2013

US interest rates will be kept at record low levels for at least another two years, the Federal Reserve said yesterday.

Now if only the ECB could make the same sort of announcement, then we might see a bottoming out of the falling global markets.

Sadly the ECB is completely disconnected from the real world.

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