Friday, November 17, 2006

Hedge Fund Blow Up Rumors

Apparently a major hedge fund is blowing out of energy trades and having to liquidate a bunch of high yield currency trades like yen and swiss franc. Hopefully the yen will sky rocket sometime soon.

Global markets seem to be a peak euphoria. The nymex has doubled making it a thirteen billion dollar oil exchange and markets like the BRICS look massively stretched. Something is going to blow up before the year is over.

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