Why is nobody talking about Japan raising rates?
The JPY carry trade is still largely in play, and if inflation keeps proving sticky, the U.S. may eventually have to raise rates again too.
Feels like the market is underestimating both risks
There will be a “black swan” very shortly
Despite widespread concern over rising fuel prices, long-term inflation-adjusted analysis suggests Australian petrol prices have not fully repriced relative to broader monetary expansion over the past two decades. On a real purchasing-power basis, fuel averaging ~$4/L in Australia over coming years would be consistent with cumulative inflation trends and currency debasement since the early 2000s
Called for a ceasefire this morning
I highly doubt this ceasefire will hold considering Irans demands involve them having nuclear weapons and the US and Israel paying for the damages