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To: tom pope who wrote (83209)10/7/2009 4:39:01 PM
From: Keith FeralRespond to of 118717
 
I guess it has a currency component since US interest rates are zero. Japan was the master of the global carry trade for the past 20 years. I don't know how long the US will be allowed to maintain zero interest rates, but institutions can borrow all the money they want at virtually no cost.