Friday, February 29, 2008

Small Talk: Yen-Crosses Melt Down and Late Recovery

Yen-crosses were in meltdown mode this morning.

I am currently foreseeing (i.e. more like hoping) a late recovery. The buy-back mode seems to kick start about an hour ago.

Here is a great article to ponder over the weekend:

The World's Largest Banks Are Now Trapped

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