The Problem Country That’s Bigger Than Greece, Spain, Italy and France Combined

news.goldseek.com / By Graham Summers / 12 February 2015
The financial world focuses far too much on stocks.
Today, the market is roaring higher… for no real reason. Nothing substantial has come out of the EU talks with Greece. And the world has much bigger problems to deal with than Greece.
The US Dollar carry trade is over $9 trillion in size.
This means that over $9 trillion has been borrowed (in US Dollars) and plunged into various asset classes and investment projects around the world.
Greece’s GDP is $241 billion in size. Even if you add in the economies Spain, Italy, AND France, the US DOLLAR CARRY TRADE IS LARGER.
Again, if the US carry trade was a single country it’d be bigger than Greece,Spain, Italy, AND France combined.
When you BORROW in US Dollars you are effectively SHORTING the US Dollar. So when the US Dollar rallies… you have to cover your SHORT or you blow up.
And the US Dollar is rallying… HARD.
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