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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Tommaso who wrote (10068)7/31/2004 1:32:05 PM
From: mishedlo  Read Replies (1) of 116555
 
I believe no payment was required on that balance until 18 months.

Now there were all kinds of traps about being late eyc etc etc during the term of the loan, but that will be the only thing on the card. I think he gets that 12K and does not have to pay a dime for 17 months. At least that is my understanding. As long as he does not use that card for anything else (and he will not) he is fine for a long time. He did this before for 1 year now he gets free money for 1.5 years.

Savings at 2% is about $360
To me its not worth the worry that something goes wrong.
To him it is

Mish
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