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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: RealMuLan who wrote (34041)7/22/2005 2:59:27 PM
From: mishedlo  Read Replies (1) of 116555
 
"If you were a speculator, the last couple of years was a pretty easy play. But all the reasons to speculate from have gradually been getting squeezed," Kroeber said.

Pretty easy play?
They lost money I believe.
A 2% pop in the RMB when they could have had 4% a year in US treasuries.

So far today the YEN has declined.
More hot money could be leaving.
Guess we will see
Mish
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