CapitalismWorks_IHB
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[quote author="Nude" date=1256310128][quote author="graphrix" date=1187165655]Whoa did I not catch where the Yen traded yesterday? At 1:15 AM it is at 116.77.</blockquote>
Anyone else remember the fear and trepidation we all felt seeing the carry trade unwind as the Yen kept dropping?
As I type this, CNNMoney is showing the Yen at 91.80 and wavering. I read a few pages of this thread after this post by crackercakes and I have to say... it sure seems like things should have been much worse than they turned out to be. Could it be that we've talked ourselves into a vision of the future that is as wildly off track as some of the predictions we made back in July of 2007?</blockquote>
Nope. Things are bad. Unemployment at double digits for the next 12-24 months will demonstrate just how painful.
Anyone else remember the fear and trepidation we all felt seeing the carry trade unwind as the Yen kept dropping?
As I type this, CNNMoney is showing the Yen at 91.80 and wavering. I read a few pages of this thread after this post by crackercakes and I have to say... it sure seems like things should have been much worse than they turned out to be. Could it be that we've talked ourselves into a vision of the future that is as wildly off track as some of the predictions we made back in July of 2007?</blockquote>
Nope. Things are bad. Unemployment at double digits for the next 12-24 months will demonstrate just how painful.