Does Disaster Loom from Dollar Funded Carry Trades?
Posted on: November 10, 2009No comments yet
You can put a fork in us down the road….
The U.S. currency dropped against 12 of its 16 major counterparts as the International Monetary Fund said traders are probably using the dollar to fund so-called carry trades around the world and it may still be overvalued.
I hope everyone here in The United States takes a moment to understand what this means. Let me lay it out for you:
