Tag: borrowing
Deleveraging begins according to Fed data
Back on September 29th I wrote this post regarding the concept of “deleveraging”. Over the past few decades American households and corporations were addicted to debt. We used credit cards, home equity lines of credit, mortgage loans, auto loans, etc. to accelerate our consumption. However, our unabated use of debt lead us to where we [...]
Posted: October 8th, 2008 under Debt, Personal Finance.
Tags: borrowing, consumer credit, Debt, deleverage, deleveraging, implications of credit crisis
Comments: none
Borrowing out of necessity or opportunity
In his book “Borrow Smart Retire Rich” Todd Ballenger discusses the concept of borrowing money out of opportunity versus necessity and at the same time does a nice job of describing financial arbitrage: Most of us have borrowed out of necessity for houses, cars, or other purchases. Let’s say you borrow money from a local [...]
Posted: October 4th, 2008 under Personal Finance.
Tags: arbitrage, borrowing, financial arbitrage, necessity, opportunity
Comments: 1