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View Diary: Breaking: BLS, Fed, BEA, et al "Overstate Strength of Economy" (289 comments)

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  •  That's right. Plus, there is a problem (2+ / 0-)
    Recommended by:
    taonow, PsychoSavannah

    with the carry trade right now.  There is a big bubble there and it will burst at some point. Roub
    ini talks about it here:
     http://www.cnbc.com/...

    A Federal funds rate near zero, monetary easing and government purchases of long-term debt have given rise to a carry trade of the U.S. dollar. The carry trade is a strategy in which an investor sells one currency with a relatively low interest rate, then uses that money to purchase a different currency that’s yielding higher. The investor then pockets the difference between the rates.

    If the people lead, the leaders will follow.

    by Mz Kleen on Mon Nov 09, 2009 at 07:49:46 AM PST

    [ Parent ]

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