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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: kidl who wrote (4744)	7/10/2022 6:56:05 PM
From: Sun Tzu	Read Replies (1) \| Respond to of 10744

Ok. Let's walk through this. You are a bond manager. You expect a hard recession soon. What are you going to do? Alternatively, you are a landlord and have several high rises and townhouse complexes. You expect that a pending recession will push half of your tenants to be often late on their rent and perhaps 1 in 7 will just stop paying rent. The market is going to be very bad. You still have two dozen empty units. What are you going to do?

To: kidl who wrote (4744)	7/10/2022 8:39:49 PM
From: Lee Lichterman III	1 Recommendation Recommended By Sun Tzu Respond to of 10744

They just do that sometimes. I forget who it was for sure, MBNA I think, but in the 90s they did that. I borrowed the limit from my bank then used their new card to pay it off in full the next day. I put it in treasurys earning 6-1/2% for a year and then paid the card off and closed it. The idiots made me the same offer again so I did it to them again. They didn't do it a third time but they may have gone under about then too. Like Sun said, they're just trying to balance their junk with higher credit score customers.