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Strategies & Market Trends : Asia Forum
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To: epicure who wrote (3665)5/17/1998 10:36:00 PM
From: Laptev  Read Replies (2) of 9980
 
Hmmmm... I voted for the standoff too. They could have their very own expensive cold war. In any case, I say CNN should have a more interesting survey asking if we should let the robots vote.

I have a serious question:

If Japanese banks have such low interest rates, why can't I (an American living in Upstate NY) take out a low-interest rate mortgage from one of these Japanese banks? In more general terms, why can't arbitrage take care of differing risk-adjusted interest rates, and drive them down lower or higher until we all reach equilibrium?

Thanks!
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