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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Knighty Tin who wrote (19269)10/1/2004 8:31:15 PM
From: Canuck Dave  Read Replies (1) of 110194
 
It was actually a piece of text which hit hardest for me.

"It's simply hard to imagine that two decades back car loans were being priced in the mid-teens and higher."

I bought a new car in 1981 (still have it, LOL), and the dealer was really pushy about getting me to finance it rather than paying cash. Tried to convince me taking out a out a loan and investing the "savings" was to my advantage. Now I see why from that figure. It would have been a sucker play for me, but great for him and the bank.

CD
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