What is happening to Japan should be news everywhere. The Japanese carry trade is enormous and their situation gets worse by the day. Either the FED cuts rates so that the difference between rates normalizes or nothing else stops this train

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

https://x.com/giacaglia/status/1788431097547674069?s=46&t=8PzPW2lfHeZ0dLJf7TLVwQ

The dollar is a wrecking ball. My favorite theory is the milkshake.

Man I appreciate your updates from the world of macro here, makes it easier to keep an eye on story lines.

4000 $Degen.

Not sure what the degen/yen price is at the moment…

dont think anything happens other than US intervening, opening swap lines and taking the pressure off JPY