- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
In event of US default, how would individuals suffer?
Posted on 7/22/11 at 7:05 pm
Posted on 7/22/11 at 7:05 pm
if all of one's debts are at fixed rates of interest, where would be the suffering? or would it just come from the macroeconomic mess?
3
Posted on 7/24/11 at 10:31 pm to Hired Gun
quote:
if all of one's debts are at fixed rates of interest, where would be the suffering
The suffering would come from wishing you'd ignored Dave Ramsey and borrowed even more at fixed rates.
Posted on 7/25/11 at 7:47 am to foshizzle
quote:
The suffering would come from wishing you'd ignored Dave Ramsey and borrowed even more at fixed rates.
While true on one side of the coin, being debt free and living within your means cannot be beat in any economy.
Posted on 7/25/11 at 9:33 pm to MightierThePenIs
quote:
being debt free and living within your means cannot be beat in any economy
Living within your means, yes. But I will gladly borrow at a low rate and invest at a high one. That's how bankers get fat-cat rich, after all.
Posted on 7/26/11 at 10:16 am to Hired Gun
That is a good question. My spouse currently has student loan debt that has an interest rate tied to the US Treasury rate. In other words the rate goes up if the US rate goes up. My thoughts are that this affects us in a big way.
That being said, should we be scrambling to get these consolidated to a fixed rate?
That being said, should we be scrambling to get these consolidated to a fixed rate?
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News