Impact of a USD carry trade
Posted by adminMar 12
I’ve been tracking this story for awhile and thought I would post the latest iteration here from tonight’s Sunday Times: Cheap dollars are sowing the seeds of the next world crisis After years of selling cheap goods to debt-fuelled Western consumers, China now has $2 trillion dollars of foreign exchange reserves. That’s 2,000 billion – a reserve haul no less 25 times bigger than that of the UK. ——————————————————————– By Liam Halligan Published: 6:05PM BST 12 Sep 2009 In a world o






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