Quote:
Originally Posted by tddengland
One possible bias to not forget in the article: this came from Citi Group, one of the founders of the Super Fund which has been sharply criticized. Pollyana may be the best way to look at the whole situation...
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I actually had to look up
Pollyanna because I had no idea what you guys were referring to.
In any case, I think that the carry trade may be on shaky ground through upcoming trade. To say that it is "dead" is definitely overblown, but I'm not exactly optimistic that we can continue to see JPY weakness.
Credit and lending markets continue their recent slump, and stock markets seem to be catching on. Until we see improvement in such a key sector of corporate America, I will remain bearish stocks and, by extension, the carry trade/risk sentiment.
