Monday, October 26, 2009

Roubini agrees with Baronov

In case, you don't remember, in my entry from Sep. 17, I wrote that whatever carry-trade is going with the dollar, there will be a point in the future, when course is reversed and the dollar wins back due to the influx of repayments. Here is what Roubini said:
First,
Now we are in the mother of all carry trades,
and then added
[T]he dollar cannot keep falling forever, and there could be "a market crash all over the world" when the currency's course is reversed.
Does this guy read my blog?

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