But we wanna do it this way
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@lolwtf said:
@Speakerphone Dude said:
Maybe we should always [...] use cents only.
Well, it works for Japan.You mean: it worked. If you are interested in finance, do a quick search on the yen carry trade. It was one of the key contributing factors to the subprime crisis. The fun part is that markets never learn and the carry trade is again ramping up (if you have a 401(k) that should worry you).
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@Speakerphone Dude said:
You mean: it worked. If you are interested in finance, do a quick search on the yen carry trade. It was one of the key contributing factors to the subprime crisis.
That literally has nothing to do with what he was talking about.
@Speakerphone Dude said:
The fun part is that
marketscentral banks never learn and the carry trade is again ramping up...FTFY. Yeah, credit expansion sucks but it benefits certain people so it's not going anywhere.
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@morbiuswilters said:
@Speakerphone Dude said:
You mean: it worked. If you are interested in finance, do a quick search on the yen carry trade. It was one of the key contributing factors to the subprime crisis.
That literally has nothing to do with what he was talking about.
@Speakerphone Dude said:
The fun part is that
marketscentral banks never learn and the carry trade is again ramping up...FTFY. Yeah, credit expansion sucks but it benefits certain people so it's not going anywhere.
Impressive: in the same post you manage to accuse me of saying something that has nothing to do with the topic, and out of nowhere you bring up central banks and credit expansion, which are completely irrelevant.
Clearly one of your usual tactics is to Google in panic a bunch of keywords whenever a subject that you know nothing about comes up so you can play your little contrarian game and bring up FTFYs ad nauseam; however as you are obviously not very thorough in your last minute googling this is not very convincing so maybe you should stick to your other tactic, which is to insult people.
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@Speakerphone Dude said:
Impressive: in the same post you manage to accuse me of saying something that has nothing to do with the topic, and out of nowhere you bring up central banks and credit expansion, which are completely irrelevant.
Wow, another thing you are out-of-your-depth on. Surprise.
Carry trades are an arb of the difference in interest rates between two currencies. The Yen was a popular choice because BOJ kept interest rates low for a very long time. It lost popularity for awhile because the USD rates were relatively low, but is making a comeback as the BOJ has pushed interest rates low enough to make the Yen desirable again.
Cue two pages of you being a whiny little bitch who can't admit that he's ignorant of yet another basic fact.
