Friday, March 9, 2007
More Barfaroo on Bubblevision
I just grabbed the barf bag again. Bubblevision endlessly talks about the "carry trade" as if the world evolves around the Yen and the "carry trade". What garbage. Sure, we get big swings in some markets & commodities as beefers roll into & out of leveraged plays. That's a problem with having too much money run by beefers. But I see that mainly as swings caused by real events. The leveraged bets of the beefers can make the swings go to silly extremes - those are opportunities if you have correctly interpreted the real events igniting the swings. Carry trade babble is just worthless.