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More debasement... The Federal Reserve has cut interest rates again, to 4.5%

We have met the enemy, and it is us — Pogo
by Migeru (migeru at eurotrib dot com) on Wed Oct 31st, 2007 at 06:48:35 PM EST
There's a nice punt for a carry trade, there then: Borrow dollars & buy Norwegian assets.

"The future is already here -- it's just not very evenly distributed" William Gibson
by ChrisCook (cojockathotmaildotcom) on Wed Oct 31st, 2007 at 08:22:56 PM EST
[ Parent ]
I am following your "borrow dollars" advice on a limited scale: I am only paying the minimum payments on my (modest, and getting modester) US credit card debt. As long as the USD loses in the vicinity of 1.5% per month w.r.t. the GBP I break even...

We have met the enemy, and it is us — Pogo
by Migeru (migeru at eurotrib dot com) on Wed Oct 31st, 2007 at 08:27:56 PM EST
[ Parent ]

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