SOURCE: FedPrimeRate.com

www.FedPrimeRate.com - The U.S. Prime Rate, LIBOR and Much More

September 29, 2009 03:51 ET

Prime Rate Website Offers Wall Street Journal Subscription Discounts

PHILADELPHIA, PA--(Marketwire - September 29, 2009) - The United States Prime Rate website at www.FedPrimeRate.com is now offering discount subscriptions to the Wall Street Journal.

"We've added lots of new content, including new blogs and charts," said content manager Steve Brown. "We're excited to offer website visitors the best possible pricing for the Wall Street Journal®. It's very widely accepted as America's premier business and finance newspaper. As a source of first-class journalism covering the world of business and the global economy, the Journal is a vital staple in the information diet of knowledge-hungry individuals all over the world, and from all walks of life. It's an indispensable resource."

New subscribers can get access to the online version of the Wall Street Journal for $1.99 per week. Those who are interested in receiving the print version alone can get the Journal delivered six days per week at $2.29 per week. A third discount subscription option is to get both the print and online versions of the Journal at $2.99 per week.

The FedPrimeRate.com website also features discounts for subscriptions to the online and/or print editions of Barron's Magazine and Investor's Business Daily (IBD).

Recently, a graph which compares the target fed funds rate to the U.S. Prime Rate, the one-month LIBOR rate and the three-month LIBOR rate was added to the site. It's a fascinating and telling chart which essentially chronicles the history of the global credit crisis. As numerous banks in the industrialized world were failing as a result of exposure to toxic debt, the Federal Reserve aggressively cut short-term rates to record-low levels. Commercial banks, on the other hand, responded to the same financial havoc by raising rates on unsecured, short-term interbank loans, because the risk associated with such loans increased dramatically. The resultant and precipitous decline in interbank lending produced a domino effect which led to a chocking off of lending to businesses and consumers in the U.S. and other developed nations.

About FedPrimeRate.com

The website at www.FedPrimeRate.com is the Internet's premier information space dedicated to interest rates and personal finance.