After the bailout how soon are the interest rates going to go up?

  • Thread starter Thread starter jon c
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jon c

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Because I just got my credit card bill today(October 11, 2008) the APR went from 8.98% to 23.99%.
 
not for a long time. japan went through a similar experience in the 1990s and they are still not fully recovered and at one point went through zero interest rate and deflation that almost killed the asian giant.
 
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