My internal dialogue in early March 2011: What’s my costume going to be for sevens this year? Can my body handle another back-to-back, Taiwan Spring Scream? Back to reality. I’m sitting at my desk at Deutsche Bank
Think you have a typo in this sentence, which contradicts the rest of the point. "Both the US and Japan want the dollar to strengthen against the yen." Think you meant "Both the US and Japan want the dollar to weaken against the yen."
Hayes always comes out swinging. Nice job detailing the linkage from bessent to yen to global liquidity. I think interest rates still could spike higher before bond guys figure it out ( or maybe it's an indirect result ) but crypto does look good as liquidity ping pongs around. Disagree on AI though. Listen to Amazons recent call.
Solid article as usual mate! Any thoughts on the Clarity Act approval in September?
trying to keep up with all this mumbo jumbo so I can afford to post hole the shit out of some Asahi Super-Dry POW.
If the yen strengthens meaningfully, won't that strain the carry trade, and put downward pressure on US assets?
Think you have a typo in this sentence, which contradicts the rest of the point. "Both the US and Japan want the dollar to strengthen against the yen." Think you meant "Both the US and Japan want the dollar to weaken against the yen."
Sounds like long TSE should also work... (Yen up, Japanese equities up...). Thanks as ever for this pungent analysis:-)
Hayes always comes out swinging. Nice job detailing the linkage from bessent to yen to global liquidity. I think interest rates still could spike higher before bond guys figure it out ( or maybe it's an indirect result ) but crypto does look good as liquidity ping pongs around. Disagree on AI though. Listen to Amazons recent call.