Some Interest Rate Roulette The recession rumbles on, and all bets are off.

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    • Abstract:
      The article reports on the drop of banks' interest rates on credit cards in the U.S. which highlights the arrival of economic recovery. As stated, in an effort to feed cash and credit back into the economy, the U.S. central bank is phasing out the panoply of temporary credit controls. Whereas vice president H. Erich Heinemann at Morgan Stanley and Co. Inc. also believes that the present pace of monetary expansion is too slow, and that the U.S. banks should speed up money expansion still more.