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Posted to
Daily Pfennig
by
Chuck Butler
on
10-06-2008
Filed under:
Filed under: Australia, Dollar, Bailout, Euro, Yen, Bank of England, Carry Trade, Jobs, FOMC, Renminbi, Credit Crisis
Introduction My friends have at GaveKal have been whale watching for some time. But not for Blue whales or in an ocean. There theory is that Central banks keep throwing dynamite (in terms of liquidity) into the ocean during credit problems, watching little fish die and don't stop until a whale floats...