65 sats \ 1 reply \ @grayruby 12 Aug \ on: Is This The Start of a Global Market Meltdown? econ
I think last week was the foreshock similar to the VIX blow up in Feb 2018.
The market seems to overreact to bad news. For instance arbitrage opportunities like the yen carry trade have an expiration date. No one knows when that is or was. But it’s naive to be shocked or blindsided by recent events and changes in Japan.
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