Barron's瞧不起亚非拉兄弟：委内瑞拉开始抛美元，就是买入的机会

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If Hugo Chavez Is Selling Dollars, Maybe You Should Be Buying

Venezuela's bond deal suggests the markets are getting a bit carried away with the dollar-carry trade.

http://online.barrons.com/article/SB125423654414149515.html

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Venezuela thus joins the parade of foreign borrowers issuing bonds denominated in dollars. That means they're expecting to pay back those debts in devalued dollars.

As noted in this space previously, borrowing dollars to put to work elsewhere at higher yields is an example of global carry trade. And that effectively is a short sale of dollars, a bet on their decline.

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"That to me is a sign the short-U.S. dollar trade is ripe for a reversal, when basically the biggest idiot in the house is short," writes Nic Lenoir of ICAP, the major money broker, on ZeroHedge.com.

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金牛银熊

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德国，英国都发了美元债，好像中国也发了，老美都没说啥。真是太瞧不起委内瑞拉兄弟了。在research note里面公然称呼为the biggest idiot