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Lyn Alden profile picture
Lyn Alden
@LynAlden
The Nikkei is gearing up for a big drop today (their Monday morning). We'll see how it closes, but it's seemingly the largest 2-day drop in Nikkei history given what happened on Friday.

There's a lot of financial plumbing stuff going on currently. As Japan hikes rates from -0.10% to now 0.25%, they're disrupting the global carry trade, where a lot of global capital is borrowed from Japan and elsewhere in Asia and stuffed into U.S. large cap stonks.

Bitcoin caught up.
309❤️77🤙37❤️3👍3💜3👀2
ByGawdd · 84w
It's all noise..... buy the fucking CORN. Hold the fucking Corn........ Keep working for toilet paper (fiat) Wait as their game erodes.
walker · 84w
Does anything stop *this* train?
3/20buyer · 84w
Liquidity event, these things happen quick but can also turn around faster than expected
Cpt. Charisma · 84w
Looks like that's exactly what's going on. Bitcoin is getting hammered, too. Lots of peole looking for liquidity. Last time (2007) it took about a year to turn into a major financial crisis. This time, things are already pretty shakey globally. I smell emergency rate cuts comming.
brad · 84w
https://open.substack.com/pub/westonnakamura/p/usdjpy-152-the-crowdstrike-of-global?r=1na0w2&utm_medium=ios
Bitcoin Shango🔥⚡️ · 84w
👍🏾 you rock, Lyn. You…rock 🤘🏾
Connor Davis · 84w
What I don't understand is how a move to 0.25% is triggering the trade to unwind. Is the carry trade based on the delta between US rates and Japanese rates? If so there is still a pretty big difference between the US and JPY rates so why now? I'm sure there is nuance I'm missing.
Garrettstr 🌸 · 84w
What do you mean by Bitcoin caught up?
Moss · 84w
The omen of the world financial crisis depends on Japan. If the yen appreciates, it means that the world's safe-haven funds will return to Japan. Japan is the country with the largest overseas assets in the world and the largest creditor of the United States. Its financial policies will trigger a gl...
Tim · 84w
it’s funny/sad that these calamities in the market are so expected/inevitable these days. I will admit I was lulled to sleep with the relative calmness over the past few months
XeqT Monetary Freedom (∞/21M) + (₿+⚡) = 🧡 · 84w
Is this the liquidity event that some have predicted would happen? I can't remember if it was George Gammon or someone else, but I'm sure I heard someone talk about it happening, before the Fed would be forced to drop rates.
Prince Aleph · 84w
The carriage trade from Japan was going to get disrupted at some point because in order to save the yen, Japan will have to normalize interest rates. This was a mere 35 bps rise. To normalize rates there will need to be many more such raises. How will markets react then? An example of how market...
The Bitcoin Street Journal · 84w
Honey Badger does not gaf.