RIP Charlie Kirk. He was a good man, who fought honorably for the things he believed in. He left more of a legacy in 31 years than most could dream to leave in 100 lifetimes. Weβre lucky to have had him for the time that we did.
A five point drop in the betting markets just from shitting the bed. I just verified it, this really happened. The money flooded to not guilty during the debate. For anyone arguing that Andrew won you might want to reconsider. Money talks. Candace smashed him.
The BoJβs decision to hold rates at 1%, with only the possibility of a quarter-point hike by year-end, ensures a weaker yen, rising inflation, and higher long-term interest rates, ultimately forcing the BoJ to hike much more in the future, with even more adverse consequences.
Warsh choosing inflation has taken pressure off the Japanese yen, which is up 2.5% today as the dollar exchange rate falls back below 160. If the yen rally continues and the short-term rate differential between the U.S. and Japan narrows, the yen carry trade can unwind quickly.