JA dollar under renewed pressure

[Gen]

Re: JA dollar under renewed pressure

yuh have money fi lose?

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Dr.Dudd</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body">

Over US$20,000 you can get over 15% </div></div> who is paying that? </div></div> last year I got prospectus from about 3 of the money management companies for that and higher. try and google it and check, probably higher by now. </div></div> well JMMB only paying about 4.5%

banks paying 3-4%

eta..I would be very interested to see what you got...i know last year a good JAD fund at JMMB was paying in the 13% range so i would be really interested in a USD fund paying 15%...even if they dont have deposit insurance

[RichD]

Re: JA dollar under renewed pressure

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Gen</div><div class="ubbcode-body">yuh have money fi lose?

</div></div> yeh man mi have some risk capital

[Dr.Dudd]

Re: JA dollar under renewed pressure

Th US definately.

[RichD]

Re: JA dollar under renewed pressure

doc i think your suggestion is based on inaccurate information.

[Dr.Dudd]

Re: JA dollar under renewed pressure

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body">doc i think your suggestion is based on inaccurate information. </div></div>
You think so?
what do you base that on?
Rememebr that if the localcurrency is devaluing rapidly as it is now,the rate on foreign exchanfe deposits will have ti be low,ti avoid underwater intrest. So th elow rates being offered now,ius understandable.. Since the spread have ro be wide in xchanfe rate depreciation.

[RichD]

Re: JA dollar under renewed pressure

so if the rates are low how can they attract deposits other than by increasing the rates

[Dr.Dudd]

Re: JA dollar under renewed pressure

Right now I have Jamaican govt paper in US at 20%.

[RichD]

Re: JA dollar under renewed pressure

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Dr.Dudd</div><div class="ubbcode-body">Right now I have Jamaican govt paper in US at 20%. </div></div> When was that issued? ..i do not recall any Jamaican govt bond issue in that range...is how old?

[Dr.Dudd]

Re: JA dollar under renewed pressure

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body">so if the rates are low how can they attract deposits other than by increasing the rates </div></div> Right now even at that rate,if the deposit intrestinsyrance is brought up top US50,0000,it will still compare favorable with what most are getting in the US. as soon as the funds start comming in, it will instantly stabilize the xchange rate. O rate stabilization the offer rate on FX will increase due to the remoival of the devaluation fear, and competition. In short order intrest rate on FX wil be increased.

[Dr.Dudd]

Re: JA dollar under renewed pressure

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Dr.Dudd</div><div class="ubbcode-body">Right now I have Jamaican govt paper in US at 20%. </div></div> When was that issued? ..i do not recall any Jamaican govt bond issue in that range...is how old? </div></div> 2006 and I think it is 4 or 5years.

[tsophra]

Re: Portland police seek Cuban authorities help

didn't an Indian company rip off the ja gov't a while back?

[Dr.Dudd]

Re: Portland police seek Cuban authorities help

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Jaded</div><div class="ubbcode-body">didn't an Indian company rip off the ja gov't a while back? </div></div>Yes with the fertilizer