Investors! I need your input!!!

United States
July 7, 2009 4:36pm CST
So, The state of California has been issuing IOU's due to the recession. Turns out, each IOU has an interest rate of 3.75%. Do you find this as a good investment? What things would need to happen in the economy to make you willing to invest again? The state of California has a large deficit problem as you may know, and I'm curious as to what would attract domestic and foriegn investment. What do you think about the economy?
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1 response
@chillpill90 (1937)
7 Jul 09
yeah its a good interest rate higher than some saving accounts here in the uk. It is a good short term investment as the economy will take a few years to recover and offer rates above 4%.
1 person likes this
• United States
7 Jul 09
I see. How do u know all that you know about investing? Do you trade often?