Thanks Tomasz - a very good resource. brian_z
--- In [email protected], "Tomasz Janeczko" <[EMAIL PROTECTED]> wrote: > > Brian, > > Actually it is known phenomenon that USD is getting strength > when economy collapses. > See "dollar is smiling in a recession" > http://www.morganstanley.com/views/gef/archive/2007/20071210- Mon.html (Dec 2007) > and > http://www.morganstanley.com/views/gef/archive/2008/20080407- Mon.html (Apr, 2008) > > Best regards, > Tomasz Janeczko > amibroker.com > ----- Original Message ----- > From: "brian_z111" <[EMAIL PROTECTED]> > To: <[email protected]> > Sent: Sunday, October 26, 2008 4:17 AM > Subject: [amibroker] Re: OT: Fed to cut rates below 1% soon ? > > > > Does anyone have any idea why the USD is so strong at the moment. > > I am puzzled by this as I can't see any basis for it. > > The only explanation that I can come up with is that there has been a > silent emulation of the Japanese 'carry trade' based on low interest > USD loans (the US has low interest rates, a desire to protect > exports, sluggish growth and a sophisticated investment culture in > common with Japan). > > quote from: > > http://goldnews.bullionvault.com/yen_carry_trade_101620084 > > Japan sits at the epicenter of "bubble-mania" in foreign exchange, > because its yield starved domestic investors plowed $6 trillion of > their savings into overseas assets. > > Japanese investors increased their exposure to foreign assets by ¥59 > trillion ($566 billion) in 2007 alone, setting a record top of ¥610 > trillion ($5.9 trillion) and making Japan the world's largest > creditor nation for the 17th straight year. > > In addition, global speculators borrowed $1.2 trillion worth of low- > cost Japanese Yen (Tokyo interest rates haven't got above 1.0% per > year since the start of this decade), in order to buy higher yielding > currencies, commodities, and stocks held abroad. > > > > > "History never repeats, I tell myself before I go to sleep at night" > (Split Enz) > > http://en.wikipedia.org/wiki/Asian_Financial_Crisis > > > > --- In [email protected], "Tomasz Janeczko" <groups@> > wrote: > > > > Hello, > > > > Did you see this daily effective FED rate chart: > > http://www.newyorkfed.org/charts/ff/ > > > > Usually effective rate follows closely target rate (currently at > 1.5%) > > > > In recent days effective FED rate dropped below 1%. > > > > It looks to me that FED is going to be walking in footsteps of > Japan central bank in '90s. > > > > Now EBC funds still at 3.75% ? They are going to cut fast, much > faster than FED, IMHO. > > If situation evolves in that direction we are going to see EURUSD = > 1.0 soon > > and probably Japanese Yen remaining the strongest currency for > months to come. > > > > Any thoughts? > > > > Best regards, > > Tomasz Janeczko > > amibroker.com > > > > > > ------------------------------------ > > **** IMPORTANT **** > This group is for the discussion between users only. > This is *NOT* technical support channel. > > ********************* > TO GET TECHNICAL SUPPORT from AmiBroker please send an e-mail directly to > SUPPORT {at} amibroker.com > ********************* > > For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG: > http://www.amibroker.com/devlog/ > > For other support material please check also: > http://www.amibroker.com/support.html > > ********************************* > Yahoo! Groups Links >
