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01:09PM (15 mins delay)
Nov 05, 2009 - 7:56 AM EST
If, as Nouriel Roubini suggests, we face an asset price bubble worldwide, arising out of the Fed’s zero interest rate policy and the carry trade, what assets are safe for long positions in this bubbled up condition?
Not the dollar, if the Fed drops that policy or complications arise. Besides, basically the dollar is going nowhere, neither solidly up nor down. It mirror images the reverse of the stock market, also going nowhere.
Source: Seeking Alpha (Nov 05, 2009 - 7:56 AM EST)
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