Simon Constable of Dow Jones Newswires says the U.S. is taking a page out of Japan’s “economic book” from the 90’s and turning Japanese.
11/11/2008
In any great organization it is far, far safer to be wrong with the majority than to be right alone. —John Kenneth Galbraith
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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November 12th, 2008 at 12:41 pm
I often have trouble viewing embedded videos on the new site b/c the videos don’t finish loading when I hit play (using firefox 3.0.3 on a new Vista laptop). It’s helpful when the link to the original content is included when I run into these problems.
November 12th, 2008 at 2:23 pm
I haven’t been able to see ANY of the embedded videos, using FireFox and XP w/SP2.