thankyou Ichi
aware of that - and some of the reasons are "perverse" in that reduction in QE caused $$$ to flow back to USA (cant carry o/s trades if you don't have a backstop on collateral).
the most recent "spurt" (mid October) is interesting against a backdrop of china rmb deval's .....perhaps us$ is "least worst" ..... ????????
we are at a most interesting time !
rgds
V_H
Something must happen, page-17
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