actually u noe usd/euro and yen are developed economies at 2
different ends due to their interest rate difference right? so ppl
borrow cheap yen to finance their investments in other areas. if
there is gg to be trouble in their investments in us, they will
quickly buy back their yen causing it to rise sharply. this is
called the carry trade.
rising yen is bad for japan exports so stocks in japan fall
generally. however in us, both stocks and usd all fall.
basically i think this marks the start of downfall of US economy.
the future emerging is eurozone, UK, ME and china....
