Mish, <<Certain customers with combined balances of more than HK$1 million will get a rate of 0.005%>>
The yearly interest on above HKD 1 mm (about USD 128,000) will buy two McD Big Breakfast with large OJ.
There has been a decay of money's power in Hong Kong by 90% since 24 months ago ;0)
... Message 16945705
<<January 22nd, 2002
Hi Maurice, Hong Kong, being the #1 Economically free place in the world, is already here ...
<<When they decide to go shopping in 10 years, their $1 million will buy them a few cans of baked beans ... not much else>> ...
USD 1 million will now earn US$ 9.5 per week, good for some burgers and a coke. I would guess that we are not at a 'golden equilibrium' ;0) What do you think?
Guess what, the shares are not rising, property is not booming, folks are losing jobs, wages are 'stable to down', and no one sees the end of gloom. Money, as they say, is not everything, regardless of Greenspankie says (and he doesn't even say it without hedge fudge).>>
Chugs, Jay |
