Variable rate is less common than fixed rate in the US, which I would suspect is why US spending in particular is proving to be sticky.

And why would they expect that?

Before I answer that I’d be interested to know if you have ever met any people? And secondly, do you have any compassion? Because it seems like the answer to one or the other might be “no”, in which case you’re going to struggle to understand any answer I can provide.

I can safely answer yes and yes and still laugh at someone for taking their life savings to the casino and putting it all on red.

If it came up red they would be telling me they were a financial genius who had unlocked the secret to riches.

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I think you’re right - and I appreciate the answers (including Dang’s) — had they won big on their gamble they would be putting it down to luck.

I feel that people taking out variable loans at 1% and hoping it won’t go to 4% aren’t as reckless as a gambler, and in hindsight it’s pretty easy to lecture them, but I don’t take any joy in it.

Please don't cross into personal attack, no matter how wrong someone is or you feel they are. It only makes things worse.

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