There are several hundred billion dollars of positions in the carry trade that will be unwound as soon as they become unprofitable. When the Bank of Japan starts tightening we may see some spectacular effects. The world has never been through this before, so there is a high risk of mistakes.
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There is no doubt in my mind that the condom crisis in Uganda is being driven by (U. S. programs), ... To impose a dogma-driven policy that is fundamentally flawed is doing damage to Africa.Stephen Lewis
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Wherever the capital inflows come from, it is clear that Iceland would not have been able to run so large a current account deficit without them and would have had to curb internal demand a while ago. The same is true, of course, of the U.S. (and of the U.K. for that matter). The key question in these instances is how reliable the capital inflows are.
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If only a fraction of this production were to be withheld from the market, the impact on the crude price would be dramatic, such is the narrow margin between global supply and demand in 2006.
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Based on Topics: Error & Mistake Quotes, World QuotesBased on Keywords: unwound
There's nothing more boring than unintelligent actors, because all they have to talk about is themselves and acting. There have to be other things.
Tim Robbins
American business has just forgotten the importance of selling.
Barry Goldwater
Change is not made without inconvenience, even from worse to better.
Richard Hooker