Couching Tariff, Hidden Danger

Before its notoriety as an international blockbuster, "Crouching Tiger, Hidden Dragon" was an ancient Chinese proverb used to describe a person, place, or thing with remarkable but hidden qualities. The current tariffs and trade war resemble an analogous situation for the US with unseen dangers. I recently wrote about the obvious problems of an escalating … Continue reading Couching Tariff, Hidden Danger →

The Next Carry Trade?

Earlier this month, a sudden and violent sell-off in global stocks was attributed to the unwinding of the Yen carry trade, i.e. when investors borrow Yen to buy other assets, like stocks. After the Bank of Japan surprised markets with monetary policies that were more aggressive than expected, investors panicked and reversed the carry by … Continue reading The Next Carry Trade? →