Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Louis V. Lambrecht who wrote (22689)	12/4/2002 8:35:49 AM
From: TheBusDriver	Read Replies (1) of 36161

<<Many US Dollars are deposited in European banks (aka Eurodollars) to profit from the interest yield>> No sure I follow you. You're saying they take USD and deposit in local currency which is paying higher rate than US? If this is what you are saying then I get your drift.... << am a complete dummy when talking about interest rates.>> You're not the only one.<g> Wayne

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