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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (19965)	10/14/2004 11:47:53 AM
From: CalculatedRisk	Respond to of 110194

There is a standard financing concept that the period of the loan should match the useful life of the item acquired. This isn't an absolute since money is fungible. Still, I thought it was bad when people bought cars (an ~5 year item) and put them on their 30 year mortgage. Most people move within 7 to 10 years, so this isn't a completely terrible idea. But the idea of buying a Big Mac and paying for it over several years is ridiculous.

To: russwinter who wrote (19965)	10/14/2004 8:21:47 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

I always charge groceries. Anything else I can charge too. Of course I always pay 100% of the bill every months as well. Any stats on how big the average carryover balance is? You are really really really ripped off big time if you car a balance and the company uses a process called "2-cycle billing". Personally I think it should be illegal. Discover uses it for sure. speaking of groceries.... Center cut pork chops on sale today at Jewel for $1.99 A veritable bargain since they were hovering above $4 for a long time. Too much corn to fatten the hogs? Is cattle next? Mish