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IMF: Dollar carry trade is risking global collapse
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Monday, November 09, 2009
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From Newsmax: 

First it was NYU economist Nouriel Roubini, now the International Monetary Fund (IMF).

Like many others, the IMF is growing concerned that a global dollar carry is trade pushing up assets worldwide — and risking a collapse if U.S. interest rates begin to rise.

The “trade” in question consists of borrowing dollars to take advantage of miniscule U.S. interest rates and then putting those dollars into assets around the world, including U.S. stocks and junk bonds...

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More on the dollar:

Marc Faber: Going long the U.S. dollar

The White House's secret plan for the dollar

Superbear Robert Prechter: Dollar ready for big surge

Topics: US dollar | Cruxallaneous
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