Tuesday, March 31, 2015

Checking Out That Rising Interest Rate Environment (Musical Tribute)

The following chart shows total checkable deposits.

Click to enlarge.

Based on the chart, which is the better question:

1. When will banks need to raise interest rates to attract checking deposits?

2. When will banks require you to give them a toaster if you wish to open a new checking account?

Those anxiously awaiting higher interest rates on their checking accounts may be sorely disappointed. Mine pays 0.04%. I am earning roughly 3 cents per month per thousand dollars. I try not to spend it all in the same place, but I admit that it does tend to burn a hole in my pocket.

Source Data:
St. Louis Fed: Total Checkable Deposits


Mr Slippery said...

That is a truly awful disco video, but I can go awfuler: Disgorilla!

Troy said...

We're drowning in money!

Seeing an accurate simulation of our economy would be laughable.

Speaking of which, Steve Keen has a new video up:


Stagflationary Mark said...

Mr Slippery,

You took the disco video competition to a whole new level! Seems I brought a disco knife to a disco gunfight. Hahaha! :)

Stagflationary Mark said...


Seeing an accurate simulation of our economy would be laughable.

I'm still looking forward to an accurate simulation of the weather. Coming any day now! Just need to be patient. :)