Posts Tagged ‘Joseph Stiglitz’

Notes From Underground: Rumors Abound but they are not a mystery to me

August 19, 2010

There are a number of rumors making the markets uneasy. First, there is an array of whispers about meetings in Tokyo in which the MOF and BOJ are going to weigh some type of intervention to curb the rise in the YEN. We have no idea how this would be accomplished, but think it could be through large selling of YEN into the market. However, with the failure of the SWISS National Bank’s efforts, we doubt that the Japanese would do anything so simple.