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User Info Gov's next reaction to this mess; entered at 2007-12-02 03:54:11
Euphoria96
Posts: 1396
Registered: 2007-09-19
Bishie,

That's a possible outcome. However, if other countries go to 0% also, the carry trade won't happen.

Europe has serious banking problems just like we do. And they have this huge housing bubble. Japan is going to be killed when its export economy starts to slow. The China and India bubbles will severely correct.

Appreciate hearing your thoughts.

2007-12-02 03:54:11