Sorry about all of the emails - some old ones and duplicates that were lost in the system have resurfaced.
--- In [email protected], "brian_z111" <[EMAIL PROTECTED]> wrote: > > Thanks Tomasz - a very good resource. > > brian_z > > > --- In [email protected], "Tomasz Janeczko" <groups@> > 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" <brian_z111@> > > 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 > > >
