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Pastimes : The Philosophical Porch

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To: Real Man who wrote (23063)	8/5/2024 11:24:51 AM
From: Rarebird	Read Replies (1) of 24020

I'm afraid this decline is just the tip of the iceberg as long as the Japanese Yen continues to rally. Leverage in the system was built on the Yen carry trade; now this trade is reversing. Plus, the 2 and 10 year are about to un-invert. I agree with you there will be bounces, but they will now be met with selling the next day if not sooner. Lowering rates will only exacerbate the situation. I sold off a little more than half of my remaining portfolio this morning. People can say what they want, but I think we are in the early innings of this reverse carry trade and its implications.

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