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Podcast: The Real Estate Espresso Podcast
Episode: Consequence Of The Japanese Carry Trade
Description: On today’s show we are talking about a new paper published last Friday by Brent Johnson and Michael Peregrine of Santiago Capital. Brent Johnson is famous for his dollar milkshake theory.
This 44 page article is a deep dive into the Japanese carry trade. Many of you might remember a banking crisis that erupted in Japan last month as a result of the implosion of widespread carry trade activity.
While the Yen is likely to rise in the short term when the carry trade truly blows up, it is probably going to fall after that. As...