The standard economic response to your argument, I believe, would be that if this were a good idea, so many people would already have borrowed and invested that the lending rates would rise until it was no longer profitable to do what you suggest. The implication is that at the moment, the marke
Short-term I would lose about 1-2% percent on the
borrowed fund but in the long-term I would gain 1-2%
when I lock in a long-term bond that has a coupon rate
that is above the borrowed rate. I don't see how bond
would be a loser if interest rates goes higher since I
will locking in a bond that yie
> Quoting john hull <[EMAIL PROTECTED]>:
>
> > It seems that there are a number of schemes to create
> > currencies, on top of extant national currencies, that
> > will be accepted only locally. Under such a program,
> > a unit of currency, let's call it a "Local", will be
> > created by a group i
--- Tyl <[EMAIL PROTECTED]> wrote:
> I was thinking of borrowing a
> lot of money and invest it in short term bonds then as
> interest rate goes higher I would lock in long term
> bonds then making money on the borrowed money.
You will most likely pay more interest on the borrowed funds than you w
--- john hull <[EMAIL PROTECTED]> wrote:
> It seems that there are a number of schemes to create
> currencies, on top of extant national currencies, that
> will be accepted only locally.
> I am very uncomfortable with such programs, although I
> haven't been able to find any scholarly research on
> > It seems that there are a number of schemes to create
> > currencies, on top of extant national currencies, that
> > will be accepted only locally.
> Can you provide an example (or two?)>
> Susan Hogarth
Ithica hours at Ithica, New York
"Bread" at Berkeley, California
There are also numerous
here's a good introduction to local currency systems.
http://www.transaction.net/money/
etb
-Original Message-
From: ArmChair List [mailto:[EMAIL PROTECTED] Behalf Of Susan
Hogarth
Sent: quinta-feira, 30 de Outubro de 2003 20:41
To: [EMAIL PROTECTED]
Subject: Re: Why is local currency go
Who would be creating these local currencies, local governments or private
citizens?
During the early part of the Great Depression, local cooperatives in various
places in American got together and issued scrip in much the same manner as
these current proposals seem to suggest. I'm not sure, howe
Quoting john hull <[EMAIL PROTECTED]>:
> It seems that there are a number of schemes to create
> currencies, on top of extant national currencies, that
> will be accepted only locally. Under such a program,
> a unit of currency, let's call it a "Local", will be
> created by a group in the communi
It seems that there are a number of schemes to create
currencies, on top of extant national currencies, that
will be accepted only locally. Under such a program,
a unit of currency, let's call it a "Local", will be
created by a group in the community. The currency may
have a more-or-less arbitrar
Anyone know of a good way to take advantage of the
current interest rate? I was thinking of borrowing a
lot of money and invest it in short term bonds then as
interest rate goes higher I would lock in long term
bonds then making money on the borrowed money.
The question now is how do you borrow th
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