$1.3 trillion evaporating world wide. Nikkei has lost trillions ahead.
Triggered by: negative news on US economy. Move by Bank of Japan to increase % rates. (which has kept Yen artificially law) resulting in yen carry trade.
Carry trade is unwinding and margin calls are no longer profitable.
This is worrisome
So with: car repos up by 23% in 2024, banks have more problem loans, commercial loans that can default in a year or two, increase in public debt by $100 billion in three days. US debt is now $36 trillion
Who what is responsible for this bloodbath?
Is Philippines to tainted with this bloodbath
