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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (69689)2/21/2001 12:41:22 PM
From: AllansAlias  Read Replies (1) of 436258
 
Interest rates in Turkey are measured in thousands.We hit a new high I see; from bondtalk.com:

09:41 AM
There are bogus rumors in the market that the Fed will hold an emergency meeting to
address problems rooted in--of all places--Turkey where overnight interest rates spiked to
over 4,000%. Yes, 4,000%. The theory is that just as Thailand was the epicenter of the
Asian financial crises, Turkey could be the epicenter of the next crisis. Both Thailand's and
Turkey's economies are roughly $500 Bln in size.
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