in the am, when i look at the yen on bloomberg, i can guess with 100% accuracy on how the equity markets did
it is now a law, that yen up = stocks down, and yen down = stocks up
the carry force is strong
and when it goes the other way, the world ... let me stop there, as too scary
mr and mrs watanabe will be wiped out, financially, balance sheet foolish, and when so, joe6pack, wang3cups, hans2pitcher, ian4mug, patel1kettle etc will be wiped clean, economically, then, out of the ashes, will rise teotwawki |
