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Posted

Here we go again. A minor pullback gets everybody all beared up. The pullback stops at support. A base pattern forms. Now on the cusp of a breakout. 

Today's another day of travel and limited connectivity for me. I'll be back as often as possible.From near Venice, Italy, Ciao for na oh!

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Posted

THE YEN CARRY TRADE

Even Uncle Warren has gotten in on the act.

I went through Berkshire's annual report a couple of years ago.

Found they has borrowed $500 million in yen at........1%.

That money is sitting in Berkshires short term cash pile..... ST treasuries earning 4.5%.

In the meantime Japanese inflation is 3%.

A nice little earner indeed.

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