Macro Tourist As Yen Plummets: Be Careful What You Wish For, Dollar Bulls

Macro Tourist As Yen Plummets: Be Careful What You Wish For, Dollar Bulls

Read more from The Macro Tourist   I had planned on writing my "green" bubble candidate post today, but then the Yen went and had its third biggest move in the past couple of years.   You might be saying, "so what?  Currencies move all the time.  Why is this move important?" Yen declines are typically associated with risk-on environments, so when the Yen started cratering this morning, the machines grabbed a huge stack of blue tickets and bought equities like they were the fi
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4 thoughts on “Macro Tourist As Yen Plummets: Be Careful What You Wish For, Dollar Bulls

  1. Japanese authorities are raising taxes to pay the costs of safety net programs for a rapidly aging population. But how do you pay the bills when more than half the population is retired? A preview of things to come for the rest of the developed world. (And a harbinger of the great deflation to come.)

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