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#1
12-09-2008, 04:52 PM
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Sounds Like a Deal to Me...
"A mixed day on Wall Street threatened to turn sour on Tuesday afternoon as stocks moved lower and investors fled to the safety of Treasury bills,.... Investors were so desperate to put their cash into government notes that they were willing to pay a penalty for the privilege: three-month notes traded at a negative yield, meaning that investors will receive about 99 cents on the dollar in return after the note matures. The news sends a sobering signal: in this environment, losing only a small amount of money on an investment is tantamount to coming out ahead.
Four-week Treasury bills, considered one of the safest possible short-term investments, traded at zero percent yields, and investors snapped up $30 billion worth. It was the lowest yield since the Treasury began issuing the notes in 2001." http://www.nytimes.com/2008/12/10/business/10markets.html?_r=1&hp 
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#2
12-09-2008, 05:04 PM
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Whats the point of investing in a sure loss? Why not just keep cash in a money market or savings acct?
__________________
1984 300SD Orient Red/ Palomino 1989 560SEC 2016 Mazda 6 6 speed manual 1995 Ford F-150 reg cab 4.9 5speed manual
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#3
12-09-2008, 05:17 PM
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Jumbo Cd's @ 4.25% FDIC insured. Won't make a fortune, but are guarenteed to pay interest no matter what.
__________________
Question Authority before it Questions you.
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#4
12-09-2008, 05:24 PM
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Quote:
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-Marty 1986 300E 220,000 miles+ transmission impossible (Now waiting under a bridge in order to become one) Reading your M103 duty cycle: http://www.peachparts.com/shopforum/showpost.php?p=831799&postcount=13 http://www.peachparts.com/shopforum/showpost.php?p=831807&postcount=14
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#5
12-09-2008, 06:43 PM
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Yeah, I don't quite see the point.
Fine, the FDIC will cease to exist soon (whatever) then I guess the money will be worthless. Then you can buy gold, and then the gold will get taken by someone ruthless enough to kill for it. All the same, I think a coffee can filled with cash buried in the yard is a better bet than a negative-yield investment. Please explain, someone wiser than me, how a negative yield makes any more sense than having the cash, literally, in hand.
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1985 300TD 1984 380SL 1983 280SE (full Euro, trunk triangle and all!) Formerly owned: 1986 420SEL 1984 300D 1983 300D 1981 300SD 1976 300D
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#6
12-09-2008, 06:52 PM
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People get scared and don't think.
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2006 CL500 1969 280SE 2023 Ram 1500 2026 Genesis GV70 2007 Tiara 3200
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#7
12-09-2008, 07:14 PM
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I don't have any money, I drive a cheap MB
__________________
$60 OM617 Blank Exhaust Flanges $110 OM606 Blank Exhaust Flanges No merc at the moment
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