Calvin

[Calvin @CalvinPortage]

4. As a result of the increased interest rates and the signal to the market, investors are now concerned that the money they borrowed for free is no longer free and therefore they are unwinding their trades and sending the funds back to Japan

[Calvin @CalvinPortage]

1. For 30 years Japan has 0% interest on their currency.

2. As a result for 30 years investor borrowed YEN at no cost and invested it globally. They invested in T-Bills abroad and a basket of risk assets including the Nasdaq.

[Calvin @CalvinPortage]

3. For the first time in many year the BOJ increased interest rates this week by 0.25%. This was almost unprecedented.

[Calvin @CalvinPortage]

5. The estimated quantum of this trade is over $4 trln!!

[Calvin @CalvinPortage]

4. As a result of the increased interest rates and the signal to the market, investors are now concerned that the money they borrowed for free is no longer free and therefore they are unwinding their trades and sending the funds back to Japan.

[Calvin @CalvinPortage]

@gordan100x That's would be neat

[Calvin @CalvinPortage]

@Cryptobrisbane1 Bitcoin ETF has made a massive impact on the market. Will it cause dips??

[Calvin @CalvinPortage]

@gunsnrosesgirl3 Radical surrender

[Calvin @CalvinPortage]

@gunsnrosesgirl3 38

[Calvin @CalvinPortage]

@gunsnrosesgirl3 36

[Calvin @CalvinPortage]

#Bitcoin

[Calvin @CalvinPortage]

https://t.co/b5weAp9o4f

[Calvin @CalvinPortage]

@Binance_AUS Embrace everything

[Calvin @CalvinPortage]

@MrBeast Mrbeast

[MrBeast @MrBeast]

I’m gonna give 10 random people that repost this and follow me $25,000 for fun (the $250,000 my X video made)

I’ll pick the winners in 72 hours

[Calvin @CalvinPortage]

@MMCrypto All the atheists are triggered haha

[Calvin @CalvinPortage]

@your_Amalraj Make the move

[Calvin @CalvinPortage]

@your_Amalraj Leave to hire ground

[Calvin @CalvinPortage]

Rugged again by @drip_haus 😭

[Calvin @CalvinPortage]

@biancoresearchJ #US2Y ????????