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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: John Chen who wrote (99081)1/6/2008 10:54:32 AM
From: TommasoRead Replies (1) | Respond to of 306849
 
You mean, I guess, that it has been possible to borrow dollars, buy other currencies or gold, and make a lot more money than the interest rate on the borrowed dollars.

That spells doom for the Japanese yen carry trade. I think the yen could appreciate to where it will be 80 yen to the dollar. A disaster for a lot of people who have borrowed yen.