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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: BGR who wrote (68640)10/13/1999 3:21:00 PM
From: pater tenebrarum  Read Replies (2) of 86076
 
that's very unlikely...in fact, the Rydex bond ratio shows that the majority of funds is positioned the wrong way in the bond. there is however some unwinding of leveraged bets in the Yen/gold/Swissy carry trades going on. the credit bubble fostered by the Fed has made the financial system inherently unstable and bond investors are now paying the bill. simple as that.
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