The Yen Can't Carry

Published: Aug. 15, 2024, 4:48 a.m.

Don't you also love seeing another tumultuous week in the markets? Looks like the interest arbitrage opportunity with low Japanese interest rates backfired for only a single day last week. However, cracks in the economy are starting to widen with weaker consumer sentiment, cooling inflation, and a ton of leverage. Also, big event on the political front. Had to warn you about that real quick...

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