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Strategies & Market Trends : Asia Forum
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To: Sam who wrote (8217)3/6/1999 5:00:00 PM
From: Frodo Baxter   of 9980
 
>I can't say that I understand interest rates at 0%. 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.

You can't borrow money if your banks are kaput. The money goes into the banking system, they play the yield curve, and eventually, they'll recapitalize themselves as this kabuki dance plays out.

Surely you're familiar with our own banking crisis in the early 90s.
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