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It’s About the Economy Stupid
Americans are unemployed. Tax revenues are down. Deficit spending is up. Debt is unsustainable. We are working on health care reform; why?
The Wall Street Journal Prime RatePeople are always interested in the national and, increasingly, the world economy. This is especially true in the midst of a recession such as the one we’re currently experiencing, searching for clues as to how long the downturn will last, when we may turn the corner and how long we can expect a recovery to take. One of the economic indicators which is of particular interest to those keeping an eye on the economy is the Wall Street Journal Prime Rate; a figure which measures the rate of interest assessed by banks and other financial institutions when lending to their best customers.