Yesterday, I started my trilogy on investment research by pointing out that a good researcher should focus on what matters.
You can throw in uncovered Interest parity as a theory that economists genuflect before, but doesn’t hold in real life. If it did the FX carry trade would never have worked.
You can throw in uncovered Interest parity as a theory that economists genuflect before, but doesn’t hold in real life. If it did the FX carry trade would never have worked.