In fourteen years, I'm pretty sure we've never spent this much time talking about the "carry trade". It's just always something that has been in the background...until this week. But that extra attention may soon fade now that the BoJ has stepped in to assure that there will be no further rate hikes. Accordingly, stonks are rallying back higher today and everything is back to "normal".
And isn't it all just stupid? "Global panic" causes CNBS to go with wall-to-wall coverage of the "liquidity meltdown" of the "market selloff". It's good for ratings, in the end, but not much else...
