China interest rate. did i read this correctly?

[pico]

World Interest Rates Table

china is at 5.31% plus i think rmb might appreciate against the dollar more.

did i read it correctly? if you put your money in US banks, you're getting almost zero interest right now. seems like if you put your money in China, you're really getting the bang for the buck.

is there a catch here? seems like too good to be true.

[Robust]

look into mexico's percentage.. you will be amazed.. but as a foreigner, try getting the money out.. lol

I know people locally who are mexican citizens.. live here, but have their money in mexican banks.. they live off the interest.. every month, they get thousands..

Robust

[pico]

brazil and south africa are not bad either.

[pico]

take a look at iceland. the country is bankrupt that is why the interest rate is at 13% lol

[Justin7]

The catch is inflation. If you earn 5% and China has 4% inflation, your net return is only 1%.

[pico]

The catch is inflation. If you earn 5% and China has 4% inflation, your net return is only 1%.

right now rmb is 6.8 to 1 usd. if anything, i think rmb is going to be stronger. to something like 6 to 1 usd.

[wtf]

rmb will be 5-1 in a few years for sure

[mathdotcom]

http://en.wikipedia.org/wiki/Interest_rate_parity

[pico]

http://en.wikipedia.org/wiki/Interest_rate_parity

this type of thinking will get you a job a LTCM.

[sickler]

Numbers are skewed.

[mathdotcom]

pico = smarter than the other million rmb speculators

Btw, the unders on all MLB games tomorrow look like easyyyy money...... because, of course, I think it's going to rain in all the cities in which the games are being played. Ah, the catch.