It took 17 years for the Bank of Japan to raise interest rates from 0% to 0.25% last August. The moment they did, the stock market took a tumble as everyone scrambled to unwind their carry trades.
What's a carry trade? It's when you borrow a cheap currency (like the Yen) and use it to trade another currency (like the US Dollar) so you can dump it in your own market to chase gains. If it sounds like shorting the Yen, that's because it is.
The debt manipulation games and day trading bullshit of the stock market has been a net detriment to the world. We need to go back to gold and actually investing for dividends because you think a company makes a good product. Shorting in particular is only good for gambling by economic manipulators, not good for the actual domestic economy - that shit should be illegal.
It took 17 years for the Bank of Japan to raise interest rates from 0% to 0.25% last August. The moment they did, the stock market took a tumble as everyone scrambled to unwind their carry trades.
What's a carry trade? It's when you borrow a cheap currency (like the Yen) and use it to trade another currency (like the US Dollar) so you can dump it in your own market to chase gains. If it sounds like shorting the Yen, that's because it is.
The economy is fake and gay.
The debt manipulation games and day trading bullshit of the stock market has been a net detriment to the world. We need to go back to gold and actually investing for dividends because you think a company makes a good product. Shorting in particular is only good for gambling by economic manipulators, not good for the actual domestic economy - that shit should be illegal.