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ID: 27289
Title: Greenspan says carry trade has limited room to run (Reuters)
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Former Chairman of the U.S. Federal Reserve Alan Greenspan speaks in Washington in this July 21, 2005 file photo. The carry trade in which global investors have borrowed cheaply in yen to buy higher-yielding assets elsewhere has got to turn around, said Greenspan on Wednesday. (Larry Downing/File/Reuters)Reuters - A popular investment strategy where investors borrow cheaply in yen to buy higher-yielding assets elsewhere can only continue for so long, former Federal Reserve Chairman Alan Greenspan said on Wednesday.


Category: Business/Stock Markets/
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Date Added: March 07, 2007 07:19:29 PM
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