To: The Ghost of FReepers Past
Higher interest rates make debt grow exponentially.
L
4 posted on
08/12/2015 9:07:52 PM PDT by
Lurker
(Violence is rarely the answer. But when it is it is the only answer.)
To: Lurker
That’s what I thought, unless the rate is locked in for a long time. Still, we keep raising the debt so the new debt would definitely be at the higher rate. That could get very bad very fast.
6 posted on
08/12/2015 9:10:52 PM PDT by
The Ghost of FReepers Past
(Woe unto them that call evil good, and good evil; that put darkness for light..... Isaiah 5:20)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson