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To: Gottfried who wrote (159)10/8/1998 5:16:00 PM
From: Sun Tzu  Read Replies (1) | Respond to of 10711
 
Thanks you both (Wink and GM) for the sites. What hapend in the yen carry trade in the last 24hrs is potentially more dangerous than the whole LTCM debacle. For what it's worth, I think the worst is over and the carry trade is now safe again, though as I've been saying for sometime, I do prefer to be long DM bundes rather than US T-bills. Daniel I do hope you got out in piece out this. Here is an intersting link on why USD may fall. I think the fall is likely though not as sever as being stipulated here. Also, treasuries may be a buy here, the caveat being the $ risk. biz.yahoo.com

Good luck to all
Sun Tzu