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Politics : Foreign Affairs Discussion Group

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To: Sun Tzu who wrote (242163)9/18/2007 9:55:45 AM
From: Sun Tzu   of 281500
 
Ok, gotta go...too early in the morning for this and I have busy week ahead.

I'll get back to people who've posted to me when I get back.

BTW, a 1/4 point cut is priced in the market. The real problem is that it kills the yen-carry trade that in turn reduces market liquidity. I am not sure how big the yen-carry trades are anymore. It's been a while that I've looked into them. They used to be very big.

And oh, btw, I've been saying for the past 5 years to move *ALL* assets out of USD because it is a dead currency. I see no evidence that the trend is going to change and it seems to me that by the time W is done, there will be enough momentum against the USD that the damage will be irreversible.

ST
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