Investment vs consumption loans

[timelets]

On the merits of Ross' advice to furloughed federal workers: If you are in a difficult financial situation, have no assets and somebody advises you to take a consumption loan instead of seeking alternative sources of income, dump the advisor.

Comments

Re: But before you do

[timelets]

I don't mean to be rude, but you just don't understand what I'm talking about. Your model is fundamentally wrong because it doesn't account for the person (and her situation) who would follow your hypothetical financial advice. It makes no sense to me to continue the conversation.

I get it

[malobukov]

No offence taken. Without context I just wasn't sure if your original post was based on your expertise in quantitative finance, retail credit, or risk management and therefore should be taken literally. Now I know.

Re: I get it

[timelets]

Good. Thanks for your understanding.