T. G. I. F. again :)
T. G. I. F. again :)
Anna here, well it looks as if the dollar is going back down this morning, thus the dollar carry trade is in effect. As we know it use to be the Yen Carry trade, but no more.The Bank of Japan and a host of Tokyo-based financial firms relied upon this carry trade for basically free money. Now we have replaced the Japanese with the rein of free money, which wasn’t easy to do btw. The FED has manufactured a low dollar to prop up the equity markets, keep interest low and thinks we will have no inflation! HUH?
Hence the equities are back up this morning! Can you say Socialism? We are are on Slippery path that will not end well in the end. I wake up most mornings glad I have no children that have to deal with the certainty of being taxed to death in the future. We will be run by government for the government 🙁
Anyway that being said, RIMM is down about 11 points this morning and those who shorted it, will have a good day. I am hoping the equities open higher, then quickly fall. That being said Good day to all and let’s make some $$$$$$. 🙂
Update 11:38 Ok here is one of Joe’s delicious famous and excellent charts thank you Joe!!!
