Is it all rubbish?

[timzbux]

Originally Posted by GoIllini

Timzbux,

LIBOR and most US treasuries are quoted as the nominal interest rate (APR) corresponding to semi-annual compounding. This means that the CBE's semi-annually compounded APR would be 8.5%, and the APY would be 8.68%.

Notice how interbank rates get treated as APRs, rather than % returns:

http://www.cbe.org.eg/daily%20interbank%20rate.htm

Specifically, take a look at 28/11. Notice how two banks lent each other EGP at a lower rate for more than a month than for a month. If the EGP's calculating APR, this means they had an inverted yield curve. If the EGP isn't calculating APR, it means there was a massive arbitrage opportunity and the banking system is defying the laws of gravity.

Thus, the CBE won't pay you $108.50 if you deposit $100.00 with them tonight. Rather, they'll pay you $100.02

WHY did you put a link to "interbank rates"??? I'm talking about "private placement" and "special situation" offers from the bank. NOT BANK TO BANK
(libor)cross loan rates. You then went on to prove your point with wrong info?
but again-"You're Pretty Sure"? they meant....

[GoIllini]

Originally Posted by timzbux

WHY did you put a link to "interbank rates"??? I'm talking about "private placement" and "special situation" offers from the bank. NOT BANK TO BANK
(libor)cross loan rates. You then went on to prove your point with wrong info?
but again-"You're Pretty Sure"? they meant....

Timz,

I've never heard of a bank in a first-world country paying an overnight rate several trillion basis points higher than their regular rate. Any bank paying such a rate is one about to go bankrupt (or happens to be borrowing in a currency that's experiencing hyperinflation). Meanwhile, if any bank were willing to pay such an exhorbitant rate, the first people they'd call would be the traders at the investment banks, who would snap up the opportunity in a heartbeat.

Meanwhile, if the CBE is like most other central banks, the overnight rate of 8.5% means that they're paying (1.085)^(1/365)*100% interest for overnight deposits.

I think it's time for you to cut your losses. Assuming you're not a scammer, you're obviously even more clueless than I am when it comes to the world of fixed income, and that's saying a lot. I could go a whole lot further on why you need to stop arguing, but I don't want to hurt your feelings any more than I have to, and deep down, you might just be a nice guy who has trouble admitting he's wrong.

hmm so no way you could make 20% a month and your an accountant?

I think if you look hard enough you'll find a 24/5 investment tool

that can generate 20% monthly quite easily and no I don't join Hyips lol

I'll give ya a hint last I heard theres 1.9trillion per day going through there

Oh, it's possible to make 20%/month- even if you're trading Forex. Heck, if a short-term strategic investor can occaisionally make 20% in a month (it has to involve a hurricane and price-inelastic commodities), any trader ought to be able to do so on occaision.

Long-term, though, anyone who's consistently making 20%/month trading anything will wind up working for a trading firm or I-Bank. If you think you might be a candidate, I'd suggest you start tracking down the Forex managers at major I-Banks, and maybe get onto a trading website like elitetrader.com to start doing research on trading firms that are into Forex. And traders do cap out. Even in Forex.

[guru16]

Originally Posted by GoIllini

Timz,

I've never heard of a bank in a first-world country paying an overnight rate several trillion basis points higher than their regular rate. Any bank paying such a rate is one about to go bankrupt (or happens to be borrowing in a currency that's experiencing hyperinflation). Meanwhile, if any bank were willing to pay such an exhorbitant rate, the first people they'd call would be the traders at the investment banks, who would snap up the opportunity in a heartbeat.

Meanwhile, if the CBE is like most other central banks, the overnight rate of 8.5% means that they're paying (1.085)^(1/365)*100% interest for overnight deposits.

I think it's time for you to cut your losses. Assuming you're not a scammer, you're obviously even more clueless than I am when it comes to the world of fixed income, and that's saying a lot. I could go a whole lot further on why you need to stop arguing, but I don't want to hurt your feelings any more than I have to, and deep down, you might just be a nice guy who has trouble admitting he's wrong.


Oh, it's possible to make 20%/month- even if you're trading Forex. Heck, if a short-term strategic investor can occaisionally make 20% in a month (it has to involve a hurricane and price-inelastic commodities), any trader ought to be able to do so on occaision.

Long-term, though, anyone who's consistently making 20%/month trading anything will wind up working for a trading firm or I-Bank. If you think you might be a candidate, I'd suggest you start tracking down the Forex managers at major I-Banks, and maybe get onto a trading website like elitetrader.com to start doing research on trading firms that are into Forex. And traders do cap out. Even in Forex.

nope I will never work for a a firm or bank to much effort and responsibility

I already have a firm making me 12% a month on a med risk account

why take on a responsibility such as trading large accounts for clients

we all loose sometimes so if it's my own money it's all good

[shipdit]

Originally Posted by timzbux

That last post was for "Accontant"-The Stone Age Banker

Shipdit-Did you check out onlinerex.com yet????????
talk to Brenda ,IT IS 20%!!! And that is one of my "lite" ones
Anyways I'm starting to think like jdizzle1337- By the way,if any trading firms
that use people like Stone Age banker, need a money manager that can get Large- Low and NO risk returns... pm me

Yes, I realize that this may be an old thread, but the basic education it contains is so valuable (especially to those people around here who like to claim "1-2% per day is reasonable") that I thought it deserved a follow up:

timzbux - last posted at TalkGold 04-05-2007

jdizzle1337 - last posted at TalkGold 12-10-2006

www.onlinerex.com ? gone ....

Now, if someone can just give me the really short version of why user Accontant got banned here, I would really appreciate it. I think he may have been one of the most educated people that ever posted at TalkGold.

SD

.

[trebulta]

[QUOTE=timzbux;1451109]

Originally Posted by bok_master

this is the post that i was WARNED ON!!! Take a good look at it---yep, I didn't see anything wrong with it either!!!!!

I cant even open this site...