US strikes Iran.
Oil spikes.
Oil priced in Yen super spikes.
Japan panics.
Reverse carry trade begins.
WEโRE FUCKED.
And I was right all along.
The global margin call.
The credit event.
It was always about Oil.
Like and repost if you understand this.
๐ฏ๐ต๐ฆโ๐ฅ
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Phase 1 of the reverse carry trade - US bond yields rise as Japan sells Treasuries to raise dollars in preparation to defend the Yen.
Phase 2 of the reverse carry trade - US bond yields fall as stock market volatility spikes and traditional risk-off behavior returns.
Is it here
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