Yen's getting extremely close to this century's low… gawd. pic.twitter.com/uurVX4RRDz
— David Ingles (@DavidInglesTV) June 8, 2022
Japan is pumping out free money like there is no tomorrow. In 1998 financial "geniuses" found out the hard way that in a RISK OFF market, it can be hard to pay it back when collateral is collapsing and cost of carry is sky-rocketing.
"When Genius Failed"
To exist. pic.twitter.com/YXI1wj0byc
— Mac10 (@SuburbanDrone) June 8, 2022
1/Seems Kuroda has “woke” up
2 non contradictory thoughts:
•Kuroda sorry over (perfectly acceptable IMO) words = ridiculous how “newsworthy”
•Kuroda ≠ apologizer (as sitting CB heads never “should” or policy undermined) underscores what he’s unapologetic fine with
(thread) pic.twitter.com/cKhQFHZyNH— Weston Nakamura (@acrossthespread) June 8, 2022