Originally posted by: Kevin Lewis
When inflation drops, the true cost of debt is still not the interest rate, but the interest rate MINUS the inflation rate.
And what happens when the inflation rate RISES? You make even more money!
Right now, anyone paying 4% face value interest on a note is in actuality paying 1.7%. And financing at 1.7% is a really good deal. I'm sure even someone as stupid as you knows that projects large and small, government and private, need financing.
DET AM BAD is simplistic and stupid. You lost this one, Davey Dog. But whatever you do, don't admit it. You don't have the balls for that.
Keep telling yourself that as you go bankrupt. Unlike you, the numbers don't lie.