SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (7958)8/29/2001 7:14:43 PM
From: patron_anejo_por_favor  Respond to of 74559
 
<<One of Japan's financial exchanges has said it will make its system capable of trades in negative interest rates, one of the more bizarre developments from the Bank of Japan's unusual experiment with free money.>>

So they want you to pay them to hold your money for you?

They had a plan like that when I was in first grade. Biff (replace with "Yakuza-affiliated bankster"), the 6th grade bully would "let me" pay him to hold my lunch money (ie, Japanese savings). Of course, return of principle was far from certain (to say the least). Consumption was thereby averted, savings rates maintained, capital repatriated (err, from Biff's point of view), bank depositers delighted!

2 out of 3 ain't bad...



To: TobagoJack who wrote (7958)8/29/2001 10:14:39 PM
From: energyplay  Respond to of 74559
 
Citibank scheme -- This sort of Fruitcake idea is what shows up when people
are really desparate (including Citibank in that comment)

Hynix (former Hyundai Semi) report to have real problems since banks won't loan more money.

This may be the start of liquidation of overbuilt semi sector.

We had negative nominal rates in the U.S. on Treasury bills in early 1930's for a few weeks or months.
Looks like we are still in deflation.