Posted on 10/12/2008 5:13:15 PM PDT by big bad easter bunny
All are up, continue capitulation!!!
The dow starts up 300, then finishes -300 for the day.
CAMP RED CLOUD, South Korea — Americans may not have to wander far outside the base gates for a relatively safe investment with above average yields.
As the South Korean currency plummets to 10-year lows, the nation’s banks are aching for scarce U.S. dollars, and they’re willing to pay hefty interest rates for them.
On Friday, Stars and Stripes found that South Korea’s top banks are paying roughly 5.6 percent for one-month term deposit accounts, and as much as 6.6 percent for six-month deposit accounts.
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