Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (6349)	7/28/2001 3:19:58 PM
From: Don Lloyd	Read Replies (1) of 74559

CB - ...The investment rep at the bank was very very nonplussed that all I wanted was treasuries. I explained that it wasn't forever, maybe just until the end of the year. I am sure that when I meet with him on Friday he'll try to talk me into something that pays a higher interest rate. quote.bloomberg.com 07/27 11:18 Buenos Aires Invents a Currency, the Patacon, to Help Pay Bills By Joshua Schneyer and Eliana Raszewski "Buenos Aires, July 27 (Bloomberg) -- Buenos Aires, Argentina's most populated province, has resorted to printing its own currency to settle its bills. Governor Carlos Ruckauf has ordered the provincial mint to print a new bill to pay part of his workers' paychecks. The $500 million of new notes will also pay interest of 7 percent when the government redeems them in a year's time...." These are not only 7 percent, but you probably can have your banker get them at a discount and with a reduced time to maturity. Of course, $500M may not be enough to satisfy your requirements, but that just improves their potential scarcity value as a collectible. -g- Regards, Don

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