Betting on the yen: the risks of the carry trade As the country’s central bank tightens monetary policy, investors who leveraged its currenc...
Walked the Walk Doug Nolan He Walked the Walk. But will Chair Warsh anxiously backpedal at the first sign of trouble? Kevin Warsh was mast...
A yen for gold The yen carry trade is blowing up, driving up global bond yields. Investors are slowly learning that the only safe havens are...
The death of fiat Fiat will die considerably quicker than anyone thinks. It is oil which will kill them off this time, starting with Japan’s...
Currency Pegs and Carry Trades Doug Nolan Ten-year Treasury yields rose eight bps this week to 4.56%. Yields rose to 4.60% intraday in Wedn...
