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