finance

The Yen-carry trade has been the lynchpin supporting global liquidity for 30 years. 

Estimated Yen carry trade in stocks and bonds is ~$4.5 trillion

If this blows, 2008’s credit freeze will look small

🇧🇷🇺🇸-  Book: Making Things Think: https://holloway.com/mtt. Investor in Wander, Carry, Footprint, Merkle Manufactory (Farcaster), Dynamic, Paragraph.

Few understand the implications of this or the FOREX for that matter. Could pretty easily take out a couple HF's and even an i-bank or 2.

(and that's just the initial first-order effects...ie the Bear Stearns early warning sign effect that something bad is going on)...the follow-on effects and eventuality of the whole thing is well defined right here:

Been playing the game of crypto since 2014; Angel investor;
My free Discord to discuss crypto with megabrains: https://discord.gg/NhJHTKcQBP

(and that's just the initial first-order effects...ie the Bear Stearns early warning sign effect that something bad is going on)...the follow-on effects and eventuality of the whole thing is well defined right here: https://twitter.com/stackhodler/status/1778359505601908930