China stocks tumbled the most in 10 years! Global indices seem to be feeling tremor while at the same time the Yen rallies across the board! Are we seeing the return of volatility via an unwinding YEN CARRY or is this merely a head fake? We'll see.
The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt
Tuesday, February 27, 2007
Epicenter China? The Return of Volatility on an Unwinding Yen Carry?
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