January 13th, 2010 by AdvisorAnalyst

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The yen must replace the dollar in carry trades to restore normalcy to the global economy and markets, including Canada’s.

For nine months we were trapped in the bizarre world of “bad news is good news.” To the puzzlement of investors, stock markets rallied despite deteriorating economic fundamentals, negative GDP growth, 10%-plus unemployment, and the erosion of the dollar’s value globally.

Here’s why…

Read the whole article here.

Pierre Daillie (AdvisorAnalyst.com) GlobeAdvisor.com, January 13, 2009

Read more from the author/contributor here.

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Tags: Bad News, Business Sentiment, Commodities, Commodity Prices, Disappointment, Doug Kass, Exogenous Events, Federation Of Independent Business, Gold, Ignorance Is Bliss, inflation, interest rates, National Federation Of Independent Business, Price Of Gold, Seabreeze Partners, Specter, Stimulus, Stock Prices, Tide, Vulnerability, Warning Signs, World Stock
Posted in Gold, Markets |

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