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The advantage of short-term funding is to increase leverage and short-term "investments-per-year."  

The disadvantage is when things turn sour leverage works against you and those short-term investments turn into near and long-term investments you have a hard time, or find impossible, to get out to pay Due and Payable Accounts.

Migeru and kcurie have been working on the math of this and Migeru talks about it here.

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Thu Aug 11th, 2011 at 02:52:47 PM EST
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