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Strategies & Market Trends : Asia Forum

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To: Sam who wrote (8217)	3/6/1999 11:10:00 AM
From: MikeM54321	of 9980

"Why WOULDN'T someone borrow money at that rate? Then go out and buy/make some Yahoo?<g> Who gets to actually do that? Surely not individuals. It doesn't compute." Sam, I believe it's the overnight lending rate they are referring to. Bank to Bank, is just about at zero. Not consumer loans. In answer to your second question, I believe Ramsey brought that one up about a year ago. Borrowing some money over there and investing here. Someone punched out the numbers (Lawrence I think?), using at that time, the currency exchange numbers (and added risk involved) and it turned out, lo and behold, there is no such thing as a free lunch! It was an interesting exercise. MikeM(From Florida)

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