willydo

Yen, Gold and the Perfect Desert Storm

Thanks Bob.....

www.economist.com/busi...

I read this article and it does seem to explain a bit about why the yen is rising even though just about everything else about Japan is negative. Lucky those citizens keep buying their own country's debt.
Willydo

Yen, Gold and the Perfect Desert Storm

Why is the yen high? Maybe someone could explain it to me. Today, these is an article saying that Japan is the ONE country to totally avoid (stock mkt) in the opinion of the writer. Also, the CDS has spiked recently amid concerns of Japan's huge debt. It it the highest of the rich countries and something like 145% (?) of their GDP. Their economy is going down (exporters hit by high yen) and their market is about 2% lower than it was at the beginning of this year unlike almost every other country that has had a nice run up in the markets.
So why is the yen so high not just against the $ but others as well???
Thanks,
Willydo

March 2009 Investing Outlook: Keep Your Powder Dry

Great summary of the various markets; logical with good examples, evidence, and references.

Thanks Steve