Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: oldirtybastard who wrote (1164)	12/3/2000 8:10:40 PM
From: Wyätt Gwyön	Read Replies (1) of 74559

so far took a $15,000 cash advance at 3% apr for 6 months, wired directly into my bank acct. for a $50 charge, not too bad...I That is incredible. In a hypothetical scenario, perhaps a person could use this 3% money to buy 6% T-bills for 6 months and then return the money, scalping 300 basis points (NB. I don't recommend this). Starting from a basis of zero, a 3% return on assets is an infinite return on equity. J. Meriwether would be proud. Scalability is the question and there must be a catch. I guess the catch is that this perpetual motion machine is not scalable--it is like getting a free personal-size bottle of Aussie hair treatment with your newspaper. They only give you one. Perhaps I have received such an incredible offer, but I wouldn't know--all credit card offers go straight to the shredder.

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