Out of Touch II

Interest rate reductions by the Federal Reserve have helped to keep the U.S. economy from sliding too far down hill, but we’re not out of the woods yet. “What is keeping us out of recession is the consumer,” argues economist David Wyss of Standard & Poor’s. “There is a risk of a sudden attack of prudence. If people stop living beyond their means, this could turn into a recession.” (Reuters) ...If you haven’t yet exceeded the credit limit on your 21 percent APR credit cards, you’re part of the problem, not part of the solution.