US-Japan Yen Intervention Stirs Carry-Trade Fears, Is the Fourth Turning Entering its Terminal Phase?
Today's Digest covers U.S.-Japan yen intervention risks, Fourth Turning predictions, oil inventory and SPR drops, newly approved nuclear campuses, Iran strike delay, Bill Gates' Q-clearance, higher-ed distrust, and euthanasia organ proposals.
Source: Peak Prosperity
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DW NOTE
The yen intervention is a forced liquidation of the world's cheapest funding currency. Bessent can call it "volatility management," but what it actually does is pull the rug out from under every hedge fund and retail punter who borrowed at 0.5% in Tokyo to buy stocks in New York. If the rally holds, the unwind won't be orderly — it will be mechanical, indiscriminate, and fast.