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Thursday, November 01, 2007

yahoo Finance: Will the Fed rate cut save Christmas?

Click on the post for the full article. A real eye opener.

It seems that if one owed $10,000 on credit cards, at a variable rate of 17%, the rate cut of the Fed might translate to a saving of $4.17 that one could use to purchase a little something for the Christmas Holidays. WHOA.

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