The_Old_Taylor on Nostr: Japan blew up the $20T carry trade. Their stock market has its biggest crash in ...
Japan blew up the $20T carry trade. Their stock market has its biggest crash in history (bigger than 1987’s “Black Monday”). TOPIX index circuit breaker was triggered. Japanese government bond futures circuit breaker was triggered. MUGF shares (Japan biggest bank, like JP Morgan of Japan) fell 21%; the most on record.
The Bank of Japan did this by raising rates in an attempt to save the Yen against the USD. Central banks are all BETWEEN A ROCK AND A HARD PLACE.
What comes next?
In the screen shot below, listen to President Bukele of El Salvador; the leader of the free world (in any case it certainly isn’t that brain dead geriatric in the White House who doesn’t even realize has had a coup staged against him by Barack Obama):
That’s right.
The central banks now will BRRRRRRRRRRR print us to Valhalla, resulting in the extreme return of inflation.
Probably should get some #Bitcoin. Fiat money has had its run since 1971 and is completely screwed.
Not financial advice. Do your own research.
The Bank of Japan did this by raising rates in an attempt to save the Yen against the USD. Central banks are all BETWEEN A ROCK AND A HARD PLACE.
What comes next?
In the screen shot below, listen to President Bukele of El Salvador; the leader of the free world (in any case it certainly isn’t that brain dead geriatric in the White House who doesn’t even realize has had a coup staged against him by Barack Obama):
That’s right.
The central banks now will BRRRRRRRRRRR print us to Valhalla, resulting in the extreme return of inflation.
Probably should get some #Bitcoin. Fiat money has had its run since 1971 and is completely screwed.
Not financial advice. Do your own research.