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With an inflation rate of 1-2% and long term rates at 4-5%,
that 16% is analogous to Mafia extortion rates of the 1930's.
I see no advantage compared to credit card rates of 18% that don't require
that collateral....
am I missing something here ?
> -----Original Message-----
> From: Jim Johnson [mailto:jejohn@xxxxxxxxxxx]
> Sent: Tuesday, September 10, 2002 10:16 AM
> To: M. Simms
> Subject: Re[2]: [RT] Money supply charts
>
>
> Hello Mark,
>
> In theory (as in Michael Porter) if there was less-risky profit to be
> had in business lending someone would quickly fill the void. As it
> stands they apparently see profit with less risk in other areas. Many
> businesses have shown themselves to be less than great bets--big
> plans, fancy accounting, bubble-driven optimism all around. Would you
> lend money to a business right now? Or at what rate and at what
> level of collateral? Met a guy at the gym the other day. He lends to
> small businesses--takes mortgage on the house at 16%, collateralizes
> every piece of personal property. That's the picture of risk/reward
> today in commercial lending I guess.
>
>
>
>
> Best regards,
> Jim Johnson mailto:jejohn@xxxxxxxxxxx
>
> --
> Tuesday, September 10, 2002, 9:43:39 AM, you wrote:
>
> MS> This is interesting.....since Banks aren't lending anymore
> for businesses to
> MS> expand, what function do they perform ?
> MS> Man, this really smacks of a "just like Japan" condition.
>
> >> -----Original Message-----
> >> From: Daniel Goncharoff [mailto:thegonch@xxxxxxxxxx]
> >> Sent: Tuesday, September 10, 2002 12:32 AM
> >> To: realtraders@xxxxxxxxxxxxxxx
> >> Subject: Re: [RT] Money supply charts
> >>
> >>
> >> Actually, the lack of CP issuance says more about the level of fear of
> >> more corporate surprises. Remember that with CP, the bank that
> >> underwrites it has the default risk. These days, who is going to take
> >> that risk?
> >>
> >> For the historical perspective that the collapse of Penn Central in the
> >> early 70s (IMS) nearly brought down Goldman Sachs.
> >>
> >> Regards
> >> DanG
> >>
> >> "M. Simms" wrote:
> >> >
> >> > Wow - Commercial Paper activity......lowest in more than a decade.
> >> > That kind of says it all as far as overall business activity.
> >> >
> >> > > -----Original Message-----
> >> > > From: Terry B. Rhodes [mailto:trhodes3@xxxxxxxxx]
> >> > > Sent: Monday, September 09, 2002 11:40 AM
> >> > > To: realtraders@xxxxxxxxxxxxxxx
> >> > > Subject: Re: [RT] Money supply charts
> >> > >
> >> > >
> >> > >
> >> > > > We haven't seen an update of your money supply chart on
> >> > > realtraders in awhile. Could you publish an updated chart? Thanks.
> >> > > >
> >> > >
> >> > > You can view money supply charts here
> >> > >
> >> > > http://www.martincapital.com/charts.htm
> >> > >
> >> > > regards,
> >> > >
> >> > > tbr
> >> > >
> >> > >
> >> > > To unsubscribe from this group, send an email to:
> >> > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >> > >
> >> > >
> >> > >
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> >> > >
> >> > >
> >> >
> >> >
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> >> >
> >> >
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> >>
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> >>
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> >>
>
>
>
>
>
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>
>
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