Well, I wrote about them recently on Philoinvestor — but I’m guessing you missed all those 3 posts because they are for paid subscribers only.
Here are a few excerpts just in case:
Yields in 10 Year JGBs (Japanese Government Bonds) are ~1% — while the US 10 Year is at 4.6%. That’s a 3.6% interest rate differential. YES inflation rates are different, shrinking the rate differential in real terms…
But markets look beyond that — they see Japan as incapable of helping its economy rebound. All roads lead to the harsh reality that Japanese government debt is unsustainable without the help of massive debt monetisation — and that’s FX negative.
Read the full post here.
How much EU money will it take to paper over the cracks that have long started to show? What if the proper analogy here is the policy reforms that (ultimately)failed to save the Soviet Union?
If, for any event, markets push the risk OFF button again, there's no saying how far down we can go this time. This is the event that will push the Euro below parity; and keep it there.
Find out what I think will happen to the EU and the Euro, and how I am playing it here.
This is my annotated Nvidia chart and how I saw the events that unfolded. I used that gap and fade (yellow rectangle) to short stock and buy puts. Read the full post
Sincerely,
Philo 🦉