Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (10063)	7/31/2004 11:19:19 AM
From: FiveFour	Read Replies (1) \| Respond to of 116555

I dont get his math.

To: mishedlo who wrote (10063)	7/31/2004 12:58:19 PM
From: Tommaso	Read Replies (2) \| Respond to of 116555

He does not realize that the card will require large monthly payments every month and that there will be big penalities for late payments, and that furthermore the interest rate will be raised to perhaps 15%--maybe more-- retroactively if he misses a payment. I guess if he can arrange for automatic monthly payments he will come out ahead--or if he can make sure to pay the minimum each month. But it seems to me a lot of finagling to save a few hundred dollars and possibly risk getting hit with penalities much higher than the savings.