Tuesday, January 6, 2009

The Stock Ticker "YEN"


What's the beta on currencies these days? When currencies stop trading like stocks, a bottom will be close. For now, the velocity of these moves is important to observe. All of the momentum (chaos) is being maintained within the system, the currencies just rise and fall with it. These central bankers and Fed officials will soon realize that the only remedy for theses pains is time. There is no painless way around that. Japan learned this a decade ago, and apparently even they forgot it. Ah, the limitations of a democracy - a new administration get's to repeat the same mistakes again and again...
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