Quote:
Originally Posted by dippin
But with 0% interest rates and a tanking economy, it is much preferable to spend it today, because the debt will you need to repay tomorrow is worth significantly less.
|
Please let me know where you get 0%, nominal or real.
For most consumers, they pay over 7% for a 48 month car loan, over 11% for a 24 month personal credit card loan, and on average 13.36%.
http://online.wsj.com/public/resourc...nts/bbcncr.pdf
__________________
"Democracy is two wolves and a sheep voting on lunch."
"It is useless for the sheep to pass resolutions on vegetarianism while the wolf is of a different opinion."
"If you live among wolves you have to act like one."
"A lady screams at the mouse but smiles at the wolf. A gentleman is a wolf who sends flowers."
|