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

To: Sr K who wrote (77994)4/19/2008 9:53:27 AM
From: Webster Groves  Read Replies (1) | Respond to of 116555
 
<For quarterly loan payments, 6.5% would be profitable, and 9.5% would have a usual margin -- "if inflation is 10%">

One reason credit cards are so popular is that many people are so weak in simple math.

Are you "trying" to do simple compounding of quarterly payments ?

wg



To: Sr K who wrote (77994)4/19/2008 1:24:06 PM
From: koan  Respond to of 116555
 
With all due respec SR you used a pretty esoteric example-lol.

I was trying to keep it simple.

Econ 101 teaches, in the long run, interest rates must be above inflation in order for the lender to make a profit.


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