[OT]I want to tease wallstarb for his "bottoming dollar" calls every time a new low is bumped. I'm pretty sure the $USD wants to tap a double bottom near 2008 lows.
Roubini could be right and wrong at the same time. If this carry trade continues,
"asset inflation" + "carry trade bubble" = new highs on broad markets and in that case the W will be an ugly, misshapen beast because that middle part will poke up.
And the other bottom of that W, will only be as low as about 8100 on dow.
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