Pansen

joined 1 year ago
[–] Pansen@feddit.de 2 points 1 year ago (2 children)

If you were in that early, you'd know.

[–] Pansen@feddit.de 53 points 1 year ago

Simplified: If you can borrow 1 Million USD for 0% apr and earn 1000 USD with that, you have 1000 USD in profits. Now change the apr to 5% and you are 49,000 USD in the red.