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Politics : Stockman Scott's Political Debate Porch

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To: lurqer who wrote (16910)4/11/2003 11:06:58 AM
From: Jim Willie CB  Read Replies (1) of 89467
 
characteristic reqmt of carry trade

borrow at 1%
in the early 1990's the yen-based credit market offered it
in the late 1990's the gold leasing offered it
now the USTBill shorterm credit market offers it !!!
this is Alan The GreenScrotum's achilles heel

so the object of the game is to find where to receive 4-6% gauranteed
hard to find
but the Dollar Carry Trade is now focusing on objects like longterm EuroBond and GOLD

LT EuroBonds are at nearly 5%, but with a currency kicker
people who put the US$ Carry Trade into practice last summer have made out with 20% gains, without leverage of futures employed

LT gold investments gained handsomely also

the dollar carry trade will be a major force
it was in 2002, but so far in 2003 it has been tripped up
/ jim
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