Tuesday, March 13, 2007

Ode to a defunct lender

Though Cassandra and I do not get along at all in the comments sections we both frequent, I commend his/her posted poetic salve for the wounded wallets of forelorn investors.

I needed the laugh.

Now for the Japan economy mavens the question is whether or not the collapse of a U.S. prime lender at the same time the GOJ is announcing smashing ("real" but not that real) growth figures will trigger the long-awaited risk adjustment against dollar asset holdings, setting off a rally in the value of the yen and in the stockmarkets, giving the BOJ enough leeway to raise rates yet again a few weeks from now despite the looming shadow of deflation.

That would have Cassandra feeling frabjous indeed.

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