Friday, November 24, 2006
Yen on the move
Swiss Franc and the yen are on the move and the dollar is weakening. I think the whole financial system is so overlevered and opaque that no one has idea what the weak link is. John Succo at Minyanville once again had a good blurb about credit and the business cycle. This isn't the American economy of ten years ago. This is a global economy with uneconomic players seeking a mild form of central planning. If you can't realize what is going on then you can't plan for potential problems. got Gold??
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