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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (8763)	1/23/2008 3:14:18 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

Patrick, Yes Everbank has checked out OK when I looked at them a year or so ago. I recall in Jan or Feb of 2006 they were showing their highest yield deposit to be in the Icelandic Krona. it was yielding 8% and change. Now the problem is that the Icelandic Govt was running a trade deficit and was downgraded by S&P and the currency fell 20 some odd percent in fairly short order, 3 to 4 weeks. That's such a small currency that I don't normally follow it. I'm waiting for the day when the RMB starts to trade on platforms like DeutscheBank's. I believe that Everbank was offering a RMB product last year, but I am pretty sure they were offering no yield of any kind on it, at the time. Presumably the price appreciation of the RMB - Yuan would have to provide enough enticement to buy the product. (interesting side note -- several Chinese Nationals that I have worked with feel the consensus way of pronouncing the Yuan part of the RMB-Yuan is (U N) like the initials of the United Nations. But it's unclear, thus people on CNBC deferring to the more linguistically tricky renminbi. (it's got more syllables anyway) John