The Yen Carry Trade has been the sine qua non of the global economy for years.
Everyone knew that it couldn't last forever... And now the various carry trades that have supported US free trade "globalism" for so long seems to be collapsing...
Are we ready for the the inevitable BIG ONE... This could be it...
Of course the Dow would have to give back all of the ELECTION/BERNANKE BUBBLE FROM 2006 FIRST...
THEN, WE SHALL SEE IF A NEW AND FUNDAMENTALLY DIFFERENT GLOBAL EQUILIBRIUM IS POSSIBLE...
