The Yen Carry Trade: A Global Margin Call

As the Bank of Japan begins to unwind it's ultra-dovish Yield Curve Control policy, the unwinding of The Yen Carry Trade stands out as one of the biggest risks to the stability of the global financial system. Michael Gayed from @leadlagreport joins us to talk about how changes at the Bank of Japan could trigger a credit event that leads to a short squeeze in the Japanese Yen and a major credit event in the US and around the world. "Few understand this."

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