Jack-o-Economy
By Barry Ritholtz - October 30th, 2008, 3:30PM
via McClatchy
In any great organization it is far, far safer to be wrong with the majority than to be right alone. —John Kenneth Galbraith
Macro Notes
US$ rally continuesPeter Boockvar
Asian currencies continue to sell off vs the $ on the heels of the news yesterday that South Korea said they will look into hot money inflows stemming from the $ carry trade and the Bank of Indonesia said they are looking into the foreign buying of bills. This follows the news a few weeks ago that Taiwan was limiting foreign deposit holdings and Brazil was taxing foreign inflow transactions. As I mentioned yesterday, we may have reached a short term pain threshold in terms of $ weakness and foreign countries are fighting back as they certainly won't wait for...
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October 30th, 2008 at 4:58 pm
Barry – just to tell you the update is cool – keep up the good work
October 31st, 2008 at 1:31 am
I don’t know. WordPress sucks.
Since you seem to be rehashing this post, Barry, I will rehash my comment:
But the Dow went up 190, so the joke’s on you, Barry the Commie.
Sorry, it was a lot funnier the first time around.