Thursday, August 7, 2014


CNN Money | Shoppers beware: Retail credit card APRs average 23%
These retail credit cards boast average annual percentage rates of 23.23%, according to a analysis of cards from the 36 of the nation's biggest retailers.

Econ Comments & Analysis                                                                                            
Forbes | Argentina's Default: Playing Politics With U.S. Courts And Wall Street
Argentina has squandered many cards in the past and its current government seems determined to waste even more time and resources in order to prolong its stay in power. This time, no one cries for Argentina.

Econlib | The Fiscal Prognosis
Bottom line: Not a catastrophe yet, but a probable catastrophe given the myopia of American democracy.