The Great Unwind

kept by eddie feb 05

Recent global market volatility is primarily driven by the unwinding of the yen carry trade, triggered by BOJ rate hikes, the piece argues.

Warsh Makes His Case With Jargon, and a Penchant for Detail
Warsh uses detailed jargon and a penchant for detail to outline a vision for change at the Federal Reserve during a press conference.
also on Federal Reserve, #economy
US 30-Year Yield Hits Highest Since 2007 as Selloff Deepens
The US 30-year Treasury yield surged to 5.20%, its highest since 2007, driven by inflation fears from the Iran war and mounting deficits.
also on Federal Reserve, #economy
Rich Californians Are Finding Creative Ways to Get Ahead of the Billionaire Tax - WSJ
California's proposed billionaire tax is prompting wealthy residents to use charitable giving and vacation-home purchases to reduce their net worth and tax liability.
also on #inequality, #economy
The haves and have nots of the AI gold rush
A Menlo Ventures partner says the AI boom has created a stark divide where roughly 10,000 people have achieved retirement wealth while many software engineers face layoffs and career uncertainty.
also on #inequality, #economy