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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin! -- Ignore unavailable to you. Want to Upgrade?

To: Jack of All Trades who wrote (6003)	7/18/2000 1:36:14 PM
From: Patrick Slevin	Read Replies (2) \| Respond to of 7434

CB=Central Bank, or BoJ? Gersh would know more about that than I. I just mean to convey that borrowing costs are close to zero as Gersh says, but as you say that may be the Interbank rate and not the rate that the average "person" can borrow at. "Person" being the equivalent of Corporation. The US number of 3 makes sense. 3 was always a magic number for US Bankers. Lend money for a 3% profit, hedge with 30 year bonds, and head to the golf course by 3 o'clock.....that sort of thing. But the precise manner in how this all transacts is more up Gersh's alley than mine.