Crisis in Vietnam

I wonder if financial journalists have a sense of humor. This article leads me to believe there is someone out there that does. Key quotes:

the dollar-dong exchange rate implied by those contracts spiked by 11%

investors expect the U.S. dollar to buy many more dong than it does today

the contracts are pricing in a...drastic weakening of the dong

a currency crisis could be looming in which Vietnam is forced to defend the dong
5/29/2008    

5 comments:

  1. Liz5/29/2008

    You are such a 12-year old boy. Love it.

    ReplyDelete
  2. N8ster5/29/2008

    There you go again, recycling old blog material--cheap as a $61 dollar suit, which next year will apparently only cost $40.

    ReplyDelete
  3. Kaahl5/30/2008

    Dong humor is timeless.

    ReplyDelete
  4. Feed5/30/2008

    Kind of a one-two punch with the above "it is a given that I have aw3some taste" post.

    ReplyDelete
  5. poser p5/31/2008

    Found this in a medicinal chemistry article,"...Fmoc-protected proline was attached to the Wang resin using standard peptide coupling conditions".

    ReplyDelete

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