If Past is Prologue, then the 2007 Carry Trade Unwind is Just Getting Underway
Read the full article: http://financialfuturesandequitymarketanalysis.com/2007/08/3...
We had seen carry trades unwind during the asian contagion of 1997 and teh default of Russsian debt adn LTCM in 1998, so, it was no surprise that risk aversions would lead to a swift unwind of the carry trade.
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