BREAKING: Japan's stock-market posts worst losses since 1987. $Japanese Yen - main 2409(JPYmain)$ $Japanese Yen - Sep 2024(JPY2409)$
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Perhaps it’s this kind of incredible bubble-popping wealth-destruction that Beijing has been wanting to avoid all this time.
You know, the kind of massive declines that end companies, collapse financial systems, and endanger the real economy.
They were smart to rein in margin trading early on.
I believe it’s this cautious approach to the capital markets that will see Chinese markets outperform their global peers this year as the massive yen carry trade unwinds.
As a side note, to all those people making decisions at the BoJ that led us to this: QUIT.
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- RaymondReed·08-07Quit [Angry] [Anger] What a messLikeReport
- JONESTea·08-07Good call [Smart]LikeReport