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The New Carry Trade 11/05/2009

Posted by chrisdshaw in Economics.

Santelli and Harris don’t buy the “green shoots” reason for the latest equity market rally. Given the zero interest rate environment, the equity markets are behaving like the Aussie dollar during the days of the carry trade. Hot money flows are moving into equities, borrowing on the short end of the curve. The question remains, how much longer does the rally have left to go……..


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