Thursday, August 16, 2007

Money Talks - or is it no money talks today

Anyway, to add on to this little blog page on the money talks...basis capital came out yesterday afternoon to say that they have lost 80% of their value check out the link on bloomberg

There is also big unwinding going on with forced selling on the equities. The yen has advanced
..against all 16 most-active currencies this week -> last look again today 116.50 to the USD, as traders exited so-called carry trades. A$ and NZ$ taking a big hit.

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