13%
That's just ridiculous
Discussion
Yeah it’s very high, they’re connecting private money who could easily go lower but that seems to be the standard sort of rate on these products, even when way over-collateralised.
I’d be waiting for a bear market now to see who survives because there seems to be way too much froth and leverage sloshing around now already.
I think the likelihood of another crash led by equities is pretty high.
I want to have dry powder ready to take advantage.
If it doesn't, then that loan is what I'll be living on.