I really wonder how long the carry trade can be sustained? Eventually its got to kill the golden geese that they are fleecing atm. Look at NZ. Rates so high now because of the inflationary effects of carry. Businesses having to shift overseas to cope because they can't sell anything with their dollar so high. Anyway, carry is alive and well today, aud/jpy at another record high.
dow 14k friday, page-31
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