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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 0.435+8.7%Jan 2 9:30 AM EST
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To: djane who wrote (7691)9/10/1998 2:08:00 AM
From: Jay8088   of 22640
 
Thanks for the interesting article. Once upon a time, currency speculators were smaller than central banks and they always had an ongoing game of trying to figure out what central banks were doing - so they can piggyback to profit. Now these speculators having bulked up with derivatives can literally beat up on any central banks with possible exception of US, Japan and Germany. Given the nature of currency market, what these goons are doing to satisfy their greed is very criminal in my book. They are making the currency market unstable thru their speculative activities and disrupting the world economy in the process. Who cares if they put emerging economy into bankrupcy, depression and pauperize millions? It is a free market and the biggest gun wins!
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