Sunday, Jun 24, 2007
Mummy wheres my breakfast ? sorry honey just got to cover my yen position get your own
SMH: Housewives show a yen for trading to net riches
So far this year they have opened 600,000 accounts at brokerages that lend money at the low rate for currency bets, according to Tokyo's Yano Research Institute Japanese assets in foreign markets had risen 20 trillion yen ($190 billion) in the past two years
Posted by out of control speculators @ 12:11 PM (161 views) Add Comment
3 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. royston said...
When this baby blows - and it will - it's going to be very ugly!
2. japanese uncle said...
This precisely reminds me of the last days of the equity/property dual bubble in Japan circa 1990. Nikkei was reporting a lot about the housewives and coeds dipping their toes in the stock market. The market collapsed soon after.
Housewives and coeds are the end signal of any stupid boom, just like shoeshine boys starting share investment alarmed Joe Kennedy (father of JFK) who immediately start short-selling in an anticipation of falling market.
3. sold 2 rent 1 said...
JU,
spot on.
All manias end this way.
The next mania, which may turn out to be the biggest in history, will kick off in earnest in the next year or so.
And the mania is........GOLD.