Tuesday, September 30, 2008
Liquidity crisis and global contagion
So what happens? Surely measures have to be taken starting with theU.S followed closely with the U.K and eu.
First consideration would be liquidity. Rates and bolster each domestic front by repatriating.
Challenging times ahead and volatility to the FX mkts.
$/Jpy 104-108 range ahead. reckon we'll spend some time in the bottom half the range in the week ahead B4 trying the upper half of the range.
Standing aside when not sure ... chasing mkts maybe hazzardous. Patience will yield rewards in this time.
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