Doesn’t sound like a lot until you calculate the percentage in billions and billions of dollars. Since we are almost in recession any indication that it is getting worse is big news.
0.6% can mean millions or even billions of dollars when you are dealing with large sums of money. I mean, even with a home mortgage, a 0.6% increase/decrease in an interest rate can mean a good amount of money lost or saved.
December 27th, 2008 at 12:14
Doesn’t sound like a lot until you calculate the percentage in billions and billions of dollars. Since we are almost in recession any indication that it is getting worse is big news.
December 28th, 2008 at 17:28
not really…
December 28th, 2008 at 21:07
0.6% can mean millions or even billions of dollars when you are dealing with large sums of money. I mean, even with a home mortgage, a 0.6% increase/decrease in an interest rate can mean a good amount of money lost or saved.