Members banned from this thread: evince, CFM and reagansghost |
Rune (09-21-2018)
Jack (09-20-2018)
Sadly there seems to be a return to junk bonds, could cause big problems down the line.
https://www.cnbc.com/2018/09/07/bond...ield-bets.html
Hello Sailor,
Was the vessel you trust your life to, purchased for cash?
What about airliners? I don't know, but I assume big transportation companies like the airlines get loans to pay for ships, jets and big stuff. I heard that the biggest corporations go through money so fast there is a sort of instantaneous loan market, with interest by the minute. Maybe somebody here can fill us in on how that works. All I know is the world of big finance is kind of the bedrock that our whole economy stands on, and if that ever failed it would take the rest of us down with it.
All I'm really saying is that credit can actually be a very wise use of money, if it is used properly. There is good credit, and there is bad credit.
Because we do have credit, our economy is far larger than it would be without it.
If you couldn't buy a house on credit, then all those guys that had jobs building the house would not have jobs.
Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.
evince (09-20-2018)
Jack (09-20-2018)
anatta (09-20-2018), anonymoose (09-20-2018)
30K might buy you a tent in somebody's backyard in Walnut Creek.
cawacko (09-20-2018)
Rune (09-21-2018)
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