smallflyingtaco on 15 January 2009
| dbot said: Speculators own the market. They have targeted the yen, and there is little Japan can do to counter it. A coordinated currency sale with multiple countries would probably have little to no long term impact. Once they force Japan's economy into a deep recession, the yen will depreciate. Until then, buy Korean. |
That seems a tad bit conspiratorial. What do the speculators get from this, if they have bought enough to drive the price up they could never sell it all without the floor falling out of the market making any gains difficult to attain particularly for that sort of investment.
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