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...
December 3rd, 2008 at 6:37 am
Bad URL link.
Should be:
http://pubs.usgs.gov/gip/geotime/time.html
December 3rd, 2008 at 6:44 am
Barry, your link to USGS is busted — try http://www.nps.gov/history/history/online_books/geology/publications/bul/1508/images/fig61.jpg
1981? What’s the matter, markets keeping you from sleeping at night?
This is the absolute last place I would have ever expected to see this.
Thanks for keeping the unexpected as a standard part of the site.
December 3rd, 2008 at 6:46 am
OK, so not busted. Funny, the first time I clicked on it, it 404′d.
Oh. Looking at the timestamp, I musta clicked on it as it was in the process of being posted.
December 3rd, 2008 at 7:03 am
Carl’s Old Shirt Doesn’t Match Peter’s Pants
December 3rd, 2008 at 8:31 am
Come on, everybody knows the earth is 6000 years old……
December 3rd, 2008 at 10:40 am
Barry!
This is also one of my areas of interest as hobbies go too…way to go, bubba!
December 3rd, 2008 at 1:10 pm
We should send this to Bernanke. Perhaps he’d issue the USG 6 billion year bond, with a derivative-based radioactive half-life option.
December 3rd, 2008 at 4:54 pm
Perhaps that downward spiral should go in the opposite direction?