Tuesday, October 21, 2008

YEN CARRY TRADE CRASH...

SOME RATHER SMART PEOPLE THINK THERE ARE OTHER SHOES TO FALL...ON WALL STREET.

FOR EXAMPLE CREDIT CARD DEBTS...

AND THE NOTION THAT DEFICITS DON'T COUNT IN A CRISIS IS QUESTIONABLE...

AFTER ALL, IT'S THE DEFICITS THAT OFTEN CAUSE THE CRISIS OR AT LEAST TRIGGER IT...