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Strategies & Market Trends : The Art of Investing

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Dec 1 4:00 PM EST

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To: Sun Tzu who wrote (75)	9/9/1998 7:25:00 PM
From: Sun Tzu	Read Replies (1) of 10655

An easy way to get rich (or at least to save money): The Bank of Japan has just released a memo with its explanation of the sudden rate cut. BoJ noted that the new call target would be 0.25% but added that this target would be ignored if financial system stability required extra credit supply. Effectively, the only floor on the call rate now is zero. I'd say your best bet is barrow all the yen you can. Convert it to USD and pay off your mortgage, your car loans, your business loans, ... I know good ol Alen is promising a rate cut if we don't do well, but hell, he'd have a hard time beating Zero! (note, sadly it takes a lot of money to take advantage of this. If you do know of house that does lend you yen, I want to hear of it ASAP). Sun Tzu P.S Sun Tzu prediction number 1: in the future BoJ will anounce negative rates. This is very scary :( P.P.S If I have a heart condition, aspirin might help. But if I'm getting worse, all the aspirin in the world will not do and I will have to have a surgery. Sadly the economic doctors out there only prescribe aspirin until I'll end up in ER.

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