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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: John McCarthy who wrote (93864)	2/6/2009 12:23:54 AM
From: Little Joe	Read Replies (1) \| Respond to of 116555

More Gloom. Alt A loans defaulting at unprecedented rate. economist.com lj

To: John McCarthy who wrote (93864)	2/6/2009 2:17:19 AM
From: NOW	Read Replies (1) \| Respond to of 116555

nah, my thought is it relates to the economic contraction at home and the unwinding of the carry, both yen favorable and neither reflective of currency traders per se

To: John McCarthy who wrote (93864)	2/6/2009 2:03:30 PM
From: The Reaper	Read Replies (1) \| Respond to of 116555

Japan does have over $1T in surplus. They have stated that they stand ready to help other countries with debt problems. That's gotta be a big reason why the yen has had this run but..... it is killing their exports. The last few days action smells a lot like intervention. Japan may have finally had enough of the yen going up.