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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (7958)8/29/2001 7:14:43 PM
From: patron_anejo_por_favor   of 74559
 
<<One of Japan's financial exchanges has said it will make its system capable of trades in negative interest rates, one of the more bizarre developments from the Bank of Japan's unusual experiment with free money.>>

So they want you to pay them to hold your money for you?

They had a plan like that when I was in first grade. Biff (replace with "Yakuza-affiliated bankster"), the 6th grade bully would "let me" pay him to hold my lunch money (ie, Japanese savings). Of course, return of principle was far from certain (to say the least). Consumption was thereby averted, savings rates maintained, capital repatriated (err, from Biff's point of view), bank depositers delighted!

2 out of 3 ain't bad...
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