SK

Follow the Money

[SK @dollar_smt]

USD ???

[zerohedge @zerohedge]

MMT: "our job here is done"

[SK @dollar_smt]

#Australia's #mortgage_fraude.
#NAB manager has approved loans for over valued properties and non existing cars in millions.

https://t.co/sFW8N8AZxk
Sounds familier 😁 ? #GFC

[SK @dollar_smt]

#Australia's Property Bubble
Sounds familier ? #GFC 2.0
https://t.co/sFW8N8AZxk

[SK @dollar_smt]

New Zealand home prices have now gone back down to pre pandemic levels, inflation adjusted. 🤞

[SK @dollar_smt]

US companies tend to swap dollar bonds to euros to lower their funding costs.
This comes after the ECB lowered rates by 25 bps to 2.75% on 5th of February, where FED paused cuts at 4.25% in January with no further direction.

[Reuters @Reuters]

China creates $230 bln brokerage powerhouse as consolidation gathers pace https://t.co/ts6xK1CNO9

[Holger Zschaepitz @Schuldensuehner]

Chinese banks have built a $100bn short against the US dollar to prop up the yuan — and hedge funds are eager to get in on the trade. At the center of it all are transactions known as FX swaps. These have quietly become a key tool for state-run Chinese banks seeking to prop up the yuan during periods of outsized selling pressure. https://t.co/Vyb59Okqy3

[Harry S Dent @HarryDentjr]

Grim warning for homeowners | 60 Minutes Australia https://t.co/JyNE9kRmfO via @YouTube

[Peter Schiff @PeterSchiff]

The Dollar Index closed at 100.67. The index could easily sink below 90 before year-end, challenging the 2020 low. I think that low will be breached in 2025, triggering a U.S. #dollar crisis, crashing the #economy, and sending consumer prices and long-term interest rates soaring.

[SK @dollar_smt]

@attorneyjeremy1 May he reunite with the supreme bliss of god 🙏🌹

[SK @dollar_smt]

@elonmusk That's crazy 🙌

[SK @dollar_smt]

Japan #Nikkei drops 4451 points in a day !!!!! Do you realize it took 35 years to reach 40,000, since 1989 ????

[Anatoly Karlin 🧲💯 @akarlin]

Nikkei 35 year double top?

[Geiger Capital @Geiger_Capital]

*JAPAN’S NIKKEI CLOSES DOWN 12%, LARGEST POINT DROP IN HISTORY EXCEEDING BLACK MONDAY 1987

Holy. Shit.

[SK @dollar_smt]

#CarryTrade #USD #JPY
Yen carry trade

[Benzinga @Benzinga]

What Is The Japanese Yen Carry Trade, And Why Is It Crushing The Markets?

@TripleDTrader quickly explains

$JPY $SPY $USD

[SK @dollar_smt]

Japanese sell their #USD, US treasuries, stocks after Bank of Japan raise interest rates to a record high of 0.25% 5 days ago. #JPY shotup 14% & #USD fell from 162 to 142 USD/YEN reversing the #Yen #CarryTrade.
https://t.co/MH6utOfiQ2

[Adam Khoo @adamkhootrader]

The sharp rise in the JPY/USD is causing a massive unwind of Yen carry trade positions and contributing to the sharp decline in US stocks. For those who do not understand how this works, a brief explanation

1) Many traders were borrowing Jap Yen (JPY) at low interest rates, converted them to USD and used this to buy US stocks

2) Now that the Bank of Japan (BOJ) is raising interest rates, the JPY has strengthened significantly against the USD.

Now, these traders are in big shit. Not only must they pay higher interest for the JPY they borrowed, they are now facing huge forex losses as well. The USD assets they are holding may not be enough to repay the JPY they have borrowed.

3) This is causing a huge unwind of these trade positions. Traders facing big losses and margin calls are selling their US stocks to raise USD, converting back to JPY and paying back their loans.

4) This can lead to more selling pressure on US stocks and even more declines in the short term. Middle east war escalation, US political uncertainty is also adding to the fear and panic.

As an investor, this is great news because this type of short term crisis and panic is what gives me the opportunity to scoop up high quality US stocks at bigger and bigger discounts. take advantage of temporary mis-pricing caused by short term crisis.
This is how we get richer.

[SK @dollar_smt]

@wallstreetbets Feeling mutual 😂😅

[Elon Musk @elonmusk]

America is going bankrupt btw

[Elon Musk @elonmusk]

Where are we with dollar value destruction, you might ask?

[Benny Johnson @bennyjohnson]

Trump receives EPIC Painting of his ICONIC assassination reaction.

The Legend will never die 👊🏼🇺🇸

[SK @dollar_smt]

@HomieNige 911