/biz/ - Business & Finance

>>21249453
The problem is the timing. It's even harder than timing buying stocks in my opinion because credit cards will freeze the instant the firms detect that shit is going down majorly. Like in 2008, we were technically going to have the markets freeze after Lehman, even though the markets continued functioning afterwards although with out of control funds rates. If you tried to do this credit card debt taking during this time, it would've fucked you hard with how history went, but that would've been as prime timing as ever. If it wasn't for the Fed and TARP, I think the timing would have great. The only way you get better timing is if you are an insider or managed to be a fly on the wall in these high profile meetings.