ONE "BENEFIT" FROM BERNANKE'S MOVE FRIDAY IS THAT THE YEN CARRY TRADES CAN BE UNWOUND FASTER...AS THE DOLLAR WEAKENS EVEN MORE AGAINST THE NOW "MIGHTY" YEN...!
THIS OF COURSE WILL MEAN SELLING THE ASSETS THAT WERE BOUGHT WITH THE "CHEAP YEN" IN THE FIRST PLACE...AND THAT MEANS MORE SELLING OF STOCKS, JUNK BONDS, REAL ESTATE AND OTHER ASSETS FAVORED BY INTERNATIONAL CAPITAL WHICH HAS DEPENDED ON THE MAGIC OF THE YEN CARRY TRADE FOR YEARS...
IF THE YEN CARRY TRADES ARE FINISHED...LOOK FOR EVEN MORE MARKET DECLINES TODAY AND IN THE DAZE TO COME...
