DiggerUK

Wall Street Breakfast: Must-Know News

Shooting yourself in one foot is bad enough, but doing it with a JFK magic bullet that punctures both feet at once, is a skill unworthy of praise.

The A$ has risen on the back of the carry trade winging it's way to the outback at a rate of knots. It's QE by the back door, nothing to do with a recovering economy.

And how exactly are they going to get rid of this carry trade, without harming the currency, by lowering rates, especially if they have to raise rates to dampen any future inflation, due to the stimulus packages that have been introduced.

What Do We Need In 2009? More Failure

Your article can be reduced to a soundbite.

"Greed is good, failure is the hors d'oeuvre".