2min chapter

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Is the Stock Market Getting Ahead of Itself? (EP.293)

Animal Spirits Podcast

CHAPTER

Why Aren't Banks Going After the Banks?

The average US commercial credit card interest rate has shot up to like 19% and it's shot up immediately. The average savings account, according to FTIC for banks, is 0.33%. Which the fact that you can raise credit cards this high, this fast and keep your savings rate at 30 basis points was pretty gross.

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