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George Gammon explains the mayhem of yen trading

George Gammon hosts the Rebel Capitalist Show on YouTube and manages the Rebel Capitalist Pro platform. George is one of my favorite economic commentators and has been a friend of mine and my podcast for years. I often describe his podcast as similar to mine, more thoughtful, more educational, and more helpful with less lice and fart jokes. Hey, everyone has their own style.

This is a discussion I had with George on Monday night after the chaos in US markets on Monday, which followed a 12% drop in Japanese stocks on Sunday night into Monday.

In this podcast we talked about:

  • What is yen trading and why it is spoiling the works in the US

  • Other Risks to US Markets and the US Economy

  • If George thinks we're headed for a debt crisis (the answer might surprise you)

  • What the bond market tells us

  • How does George think the Fed will react to this volatility

  • What George thinks the market will do in both the short and medium term

Paid subscribers can listen to the full hour-long audio above and access the full transcript along with the audio.

But in short, this is how George described the yen carry trade:

SOURCE LINK HERE

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