Re:JPMorgan no longer has the world's biggest money market f...
by Analemma_ on Thursday April 27, 2017 @02:56PM
(#14213851)
Even if you could get in, you'd probably have even more trouble getting out, what with capital controls and all.
I wouldn't feel FOMO though, this is a dangerous game, see https://www.wsj.com/articles/chinas-short-term-lending-boom-.... Short-term borrowing costs in China are going up, not because more people need actual overnight loans, but because the government is trying to deflate the bubble by making it harder for risky borrowers to get longer-term loans, and borrowers are responding by just getting overnight loans and continuously rolling them over.
But this can't last forever. A bunch of smaller Chinese banks have already gone bust from these overnight loans. Funds like this are going to be the first to go when the music stops in China.
Re:JPMorgan no longer has the world's biggest money market f...
by Veratyr on Thursday April 27, 2017 @01:52PM
(#14213414)
You almost certainly can't, unless you're Chinese. It's hard to get online accounts like this without already having Chinese identity documents or bank accounts.
A 1-year term deposit in Azerbaijan can get you a 15% return. The problem with looking at just the interest rate is that inflation and the value of the currency can pay a huge factor in how much that interest rate is actually worth.
Re:JPMorgan no longer has the world's biggest money market f...
by kspaans on Thursday April 27, 2017 @01:29PM
(#14213250)
The link that says "web" it searches for the headline, letting you access the site with google.com as your referrer. It's to the left of "comments" and to the right of "flag".
How can I get into this!
Paypal used to do this and they had an outstanding rate of return.
I wouldn't feel FOMO though, this is a dangerous game, see https://www.wsj.com/articles/chinas-short-term-lending-boom-.... Short-term borrowing costs in China are going up, not because more people need actual overnight loans, but because the government is trying to deflate the bubble by making it harder for risky borrowers to get longer-term loans, and borrowers are responding by just getting overnight loans and continuously rolling them over.
But this can't last forever. A bunch of smaller Chinese banks have already gone bust from these overnight loans. Funds like this are going to be the first to go when the music stops in China.
However it isn't really anything special in terms of return: https://www.deposits.org/world-deposit-rates.html
A 1-year term deposit in Azerbaijan can get you a 15% return. The problem with looking at just the interest rate is that inflation and the value of the currency can pay a huge factor in how much that interest rate is actually worth.
The HN FAQ says
> It's ok to post stories from sites with paywalls that have workarounds.
https://news.ycombinator.com/newsfaq.html
Edit: quote "web" for clarification and include HN policy on paywalls.
Is there a specific word to look for?
Post a link to the workaround.