Imagine my joy when I read the headline, Zero Rate World May Lie Ahead.
The age of free money may be at hand.
As major central banks slash interest rates with unexpected speed, benchmark borrowing costs are now below core inflation for the first time since the early 1980s, and policy makers are signaling they will go deeper.
But then it dawned on me, that's not for credit cards now is it!
Where is working America's free money in all of this?
So between banks the trend is going to zero interest, but where is the incentive for them to lend in this case?