“State support for Northern Rock already exceeds Britain’s transport budget and could soon surpass the 32 billion pound mark allocated to defence...” The Economist, 11/10/07 , page 70. My own thoughts, like any market prediction, are nothing more then an educated guess, or speculation really. Like any trade, or market, the carry trade will in time reverse under it’s own weight regardless of supply and demand, or in this case interest-rate differentials, when concern tips from return on equity, to return of equity. I believe that time has come. The success of people in the carry trade reminds me of the success of many ... (full story)