Interest also has to cover the losses from deadbeats. And there are quite a few. I know first hand.
Yo! Yesterday's metals continued their drop while stock indexes closed mixed in lower volume, and now today's futures seeing more more of the same for both. Busy report list this morning:
Challenger Job Cuts
Initial Claims
Continuing Claims
Productivity-Prel
Unit Labor Costs
Natural Gas Inventories
fwiw: More jobs data, ECB loom on Wall Street
Tuesdays minimum wage hikes could inspire more states
Oil Is Crashing Oil falls to new lows. Business Insider
Will We Get a Republican Bull Market Now? - Stephen Moore, Investor's
aka "victims of predatory lenders" ;) Seriously, it's not that big of an issure --and it really never was. We had a nasty 3% spike at the end of '09 which meant fully 97% of borrowers were still making payments. Right now the charge off rate's back down to a super-low of just 0.49%