Tuesday, November 10, 2009

KarL Denninger on "THE RALLY"

>>There is no actual "rally" in the stock market as a consequence of fundamental improvement in the economy. Rather, the "rally" is a consequence of the dollar carry trade - a destructive Godzilla that has infested our capital markets as a direct and proximate result of Bernanke's and Geithner's policies.<<

http://market-ticker.denninger.net/archives/1608-Repeat-After-Me....-There-Is-No-Carry.html

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