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I'mapartnerinbuyzybanonlineukSuddenly,withbarelyawhisperoftheword“tapering”fromBigBen,alow-levelpanichassetin.WiththeFedtalkingaboutanendtoQEsometimenextyear,thelikelihoodisthatallthosedollarsthatwereparkedinhigh-interestEMaccountstomakeaneasybuck—whatbankerscall“thecarrytrade”—willflyhometoAmericaanditsrecoveringcorporate,realestate,energy,equitiesandothermarkets.TalkofacomingboominUSstocksisrampant(andreflectedinthe19percentspikeinJapan’sNikkeiIndexinthepastsixmonthsanda7percentriseintheDowJonesIndustrialAverage). |