The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (603)	7/28/2007 8:11:12 AM
From: RockyBalboa	Read Replies (1) of 71409

Vi, as you mention LTCM, to me it appears that the correlations approached one on all momentum trades (be it credit spreads, stocks US and abroad, currencies, carry trades, short yen and short treasuries, or metals). This is possibly the qualitative difference to former liquidations, when for example stocks corrected but carry trades and bonds saw minor damage. (When Genius failed - it does look pretty similar this time). This time there was no liquidity in any of the trades. Australian and NZ Dollar simply melt down like an ise cream cone where the more liquid currencies had their bursts now and then. OTOH, even if people don't like it and there is a lot of resistance and earthquake related uncertainty, for now the yen is the only winner against the USD.

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