Quote:
Originally Posted by Directly
If interest rates hit 15-20 percent again, if you have any variable rates debt, a bunch of credit card debt the banks are exuberant, they will make a lot of money (if they don't have a record amount of fore-closures) If you cant pay most or whole balances due, your screwed.
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Heck, if T bills hit 6%-7% again I am going to punch a large amount into them and hold for the long haul.