Beware Relief Rallies - Eric Janszen

[metalman]

Re: Beware Relief Rallies

Yes, they worked very hard since 2007 and around the clock since september 2008. Somehow, the early success in debasing dollar backfired and now dollar is back to the 2003 levels (in dollar index terms, not FDI). They cannot do miracles yet, and government intervention can only work short term on FOREX. Did you know how big FOREX trade is? FED budget is nothing compared.

many trillions per day, last i checked.

wonder how much currency values have to do with relative default risk?

[FRED]

Re: Beware Relief Rallies

many trillions per day, last i checked.

wonder how much currency values have to do with relative default risk?

Yes and no. The correlation is high for the US and Japan but not for the UK.

[touchring]

Re: Beware Relief Rallies

How much did it cost to insure $10,000 worth of debt to AIG for 5 years, 6 months ago?