Links – 14/04/07

Dollar dented(FT)

The dollar lost ground on all fronts on Friday as global interest rates and the dangers of the carry trade were brought into focus ahead the weekend G7 meeting in Washington. The chorus of warnings against the yen carry trade, where Japan’s low-yielding currency is sold to fund purchases of higher-yielding assets, grew as the head of the International Monetary Fund lent his voice to the dangers of the risky strategy.

Time to buy property(thesuns financial diary)

Savvy stock market professionals know that the best time to buy is when everyone else is selling. The same holds true for real estate investing. A strategic mortgage refinance plan can help you take advantage of opportunities in the current buyer’s market by freeing up the money needed to snag property at bargain prices.

Shorting the DOW opportunity(bullnotbull)

The shorting opportunity of a lifetime is near. You can see it in the growing divergences between the stock market and the actual economy. The Dow is precariously perched near its all time high, having cruised effortlessly to 12,000 and beyond, but its gangbuster growth has stalled of late. While it is normal for a market to consolidate after a run like we’ve seen over the past three months in the Dow, the meaning of this pause is yet unclear. Is this is a consolidation before a further push higher, or is this market simply churning as ownership changes hands from strong to weak, leading to an inevitable plunge?

9 times salary mortgage(thisismoney)

Muhammed Uddin, branch manager at the independent broker First Solutions, in Cambridge, said: ‘There have been cases where my clients have been offered more than nine times their salary.’

Dollar Slide accelerates(telegraph)

The dollar’s slide against most of the world’s currencies gained pace today as dealers worried over the outlook for the US economy. Sterling and the euro are leading the charge against the embattled dollar, as interest rates are still expected to head higher in both Europe and the UK.


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