To: screaminsunshine
I’m heading to the Australian dollar, but have to wait a little because the market is crashing and for some strange reason the dollar goes up when stocks go down. Something to do with the carry trade. If someone has an explanation, I’d love to know.
3 posted on
01/31/2010 5:22:20 PM PST by
FastCoyote
(I am intolerant of the intolerable.)
To: FastCoyote
Stock goes down if dollar gets stronger in relation to other currency.
To: FastCoyote
Carry trade. Fed gives money to bank. Bank buys T-Bills from treasury. Treasury buys back T-Bill ten days later with 3% profit to bank.
To: FastCoyote
I'm buying the Dollar:
L
6 posted on
01/31/2010 5:28:27 PM PST by
Lurker
(The avalanche has begun. The pebbles no longer have a vote.)
To: FastCoyote
The Euro is getting weaker because Greece and Portugal are financial train wrecks and their Govt’s have been BS the rest of Europe, So money heads to a safe zone.
7 posted on
01/31/2010 5:31:13 PM PST by
reefdiver
("Let His day's be few And another takes His office")
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