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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: TobagoJack who wrote (3303)12/12/2003 11:52:22 AM
From: russwinter  Read Replies (2) of 110194
 
Very interesting front line report, Jay. I think this:

<(h) The chemical fertilizer company is converting the USD revenue from export to CAD and RMB because (a) they buy stuff from Canada and (b) they believe RMB will rise against USD at some point.>

supports my contention (and Bill Gross)
Message 19587646
that everybody wants in some manner in on the carry trade against the USD. And it will go on in spades and aggressively as long as fed funds remain at 1%, and probably up to at least 2% or more. Game of chicken, who blinks first?
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