Archive - Oct 28, 2009

• Asian stocks drop on National Australia loss, Canon earnings; Yen advances.
• Consumer Confidence in US unexpectedly fell in October on job concerns.
• Euro up slightly to $1.4830 in European morning trade amid US consumers' worries.
• Oil falls to near $79 a barrel in Asia amid mixed signals about strength of US recovery.
• France announces €1.65B plan to prop up the country's agricultural companies.
• Home Prices in 20 US cities rise for third straight month: S&P/Case-Shiller.

The Mother of All Carry Trades has encompassed the big banks in another one of the Biggest Bubbles of recent history – and very few even know about it. Here’s a few tidbits, Goldman Sachs is the most exposed in terms of tangible equity at risk, while JP Morgan has the most gross exposure.