Discussion
demand or should that be relative demand,,,currencies values or mostly based on short term flows and quite a few of these flows of late have been related to the unwinding of carry trades, in SIZE, if you look forward, at the budget deficits and how the US intends to fund this recovery, things do not look any where near so rosey for the greenback.
I mentioned on the other 0% rate thread that the fed sold $30bln 1 mth tbills yesterday to central banks and funds desperate to give the US money for 0% return,,,,this is another example of the strong demand for $ to pay for the pleasure of receving no rate of return!
I mentioned on the other 0% rate thread that the fed sold $30bln 1 mth tbills yesterday to central banks and funds desperate to give the US money for 0% return,,,,this is another example of the strong demand for $ to pay for the pleasure of receving no rate of return!
Edited by bluevelvet on Wednesday 10th December 13:01
I was not really talking with regards Sterling.
My point was more that the US is spanking money even quicker than GB.
Bond yields are negative... its likely an inflationary run is desired/manipulated to lower the amount to repay.
Having sat in Euros, I am unsure as to what my next move should be..... stick in Euro ?
My point was more that the US is spanking money even quicker than GB.
Bond yields are negative... its likely an inflationary run is desired/manipulated to lower the amount to repay.
Having sat in Euros, I am unsure as to what my next move should be..... stick in Euro ?
but i was thinking of Gassing Station | The Pie & Piston Archive | Top of Page | What's New | My Stuff