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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: John McCarthy who wrote (106511)	1/15/2010 1:49:21 AM
From: mishedlo	4 Recommendations Read Replies (2) \| Respond to of 116555

Sovereign Debt Crisis Coming As Recovery Stalls globaleconomicanalysis.blogspot.com A fiscal crisis is brewing in the US, UK, Greece, Ireland, Spain, Japan, as well as the highly touted wunderkind, China. Please consider the latest reports from some key countries. .... Mish

To: John McCarthy who wrote (106511)	1/15/2010 2:24:54 PM
From: benwood	1 Recommendation Read Replies (2) \| Respond to of 116555

I always sent back my Visa Debit card and asked for an ATM-only card, good for Point-of-sale with the PIN, partly because it's less risky (in my view) but also because I knew the fees were dramatically lower. Eventually, my credit union dropped the ATM card entirely and said if I wanted a card, it HAD to be the VISA card (debit, sign and they get a much fatter fee). I rarely use it by signing -- just once in the past couple years, and use the PIN nearly all the time. But most people undoubtedly sign for transactions, because that is the big push, and VISA skims 3% or so, passes some off to my financial institution, and the retailer doesn't care because they raised prices 3% to compensate.