After the 8.9 magnitude earthquake that hit Japan last Friday, investors now ask how this will affect them? and us? Taking cue from recent earthquake struck New Zealand, their ratings got downgraded, and GDP forecasts sized down by half. Credit ratings were cut citing that the country may need to borrow more to get back […]
US Dollar to replace Japanese Yen carry trade
October 10, 2009 by
New Deadly Dollar Carry Trade Jim Willie CB of 321gold wrote an interesting article on how the US Dollar is replacing the Japanese Yen as carry trade. A powerful hidden engine existed for close to 20 years called the Yen Carry Trade. The engine produced tainted trillion$ for its priviliged participants, whose access to cheap […]
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