Sometimes, markets tumble because of a big, unambiguous event, like a pandemic or a war or an economic slowdown. Sometimes, they fall because of less visible forces, like high-level financial shenanigans designed to generate profits out of thin air. Read the story here. https://edition.cnn.com/2024/08/07/...ex.html?iid=cnn_buildContentRecirc_end_recirc
There’s a famous quote that goes something like: you aren’t a trader until you lose money on the yen.
The carry trade has been going on for quite some time. It was the same thing some years back that was propping up markets then.......always a trick up wallstreets sleeve to prop stocks up. I'm sure after the big fall they will prop it up even higher because that's the only way to keep stocks up is by giving them the old prop job.
Nah don't worry. Once the stock market starts falling in Japan, Japan is going to lower interest rates in no time and back to low borrowing cost we go!
A popular trading strategy just blew up in investors’ faces What's wrong with this headline hint hint?
A senior trader name Larry Liked to collect lots of carry He was rolling short some yen And got recently canned But found a new job in a hurry