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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (88712)	9/10/2007 2:47:55 PM
From: Sr K	Read Replies (1) \| Respond to of 306849

Thanks. That's why I started to read this thread. FCB ? equals Foreign Central Banks? I was taught that (91-day) T-Bills are the risk-free interest rate. I'm sure some here believe gold is "risk-free". If T-bills are no longer risk free, then that changes all options measures by Black-Scholes. Options would be mis-priced at Black-Scholes levels. Aside from inflation risk and currency risk, what is not risk-free about 91-day U.S. T-Bills, when held to maturity? Are major banks paying 5.20% (but only on up to $99,999.99, such as Bank of America, online only even now) for 4 months "more" risk-free?