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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (63669)1/31/2001 3:22:21 PM
From: Mark Adams  Read Replies (1) of 436258
 
Good point, there may be buyers of last resort. But as you point out, in Japan's situation, the cost of holding cash, or precious metals is nil compared to the reward of holding bonds.

Of course, most of them probably participate in the Yen carry trade. Did the Yen and Gold carry exist 20 years ago, or are they recent creations that helped fuel the expansion?
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