Word: creditation
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...summit {that ended in Pittsburgh on September 25} when traders concluded that interest rates in the U.S. were going to stay low for a long time," says Mark Matthews, chief Asia strategist for Fox-Pitt Kelton Securities. Adds Olivier Desbarres, a currency strategist for Asia with Credit Suisse: "Hedge funds, pension funds, and the trading desks of investment banks are now all putting this trade...
...world's largest moribund economy, with an economy so weak the Bank of Japan never dared to lift interest rates significantly above zero. During this time the Japanese yen was the currency traders loved. No longer, it seems. "The yen has become the least obvious carrying currency," says Credit Suisse's Desbarres, mainly because the near-zero interest rates Japan once exclusively offered are now available from central banks across the globe. Ironically, the yen today looks relatively strong compared to the dollar, making it more expensive to borrow and so riskier to carry. "Even though interest rates...
...also the top Harvard finisher and 17th overall at the University of Albany Invitational in 2009, and while neither of the younger siblings has had a chance to garner such success with only one collegiate race to their credit, the boys will rely on ample past experience running with the family...
...brick townhouse in a manicured development at the edge of the parched Colorado prairie. More recently, he moved into a nearby two-bedroom apartment, which he shared with his father and two brothers until they were evicted shortly before the arrests. With more than $50,000 in credit-card debt, Zazi declared bankruptcy last March...
...good news with the home-buyer tax credit is that we do, in fact, have a choice...