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U.S. Subprime Collapse: Blame the Japanese yen

May 9, 2008 · Filed Under US Stocks and Markets · Comments 
“So who - or what - is to blame for what’s being called the greatest financial crisis since the Great Depression? Strangely it’s all tied back to not only derivatives… but also the currency markets. Or more specifically, the carry trade.” — Jack Crooks Blogger’s note: Jack Crooks sent [...]

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