TyBs
PlaneFaggin’:CONUS Activity
AF2 C42A Kneepads going to Wisconsin (yawn….)
Potato leaves Wilmington in about 30m to JBA then does some earth day shit in VA and back to basement
https://factba.se/biden/calendar
Harris to unveil nursing home rules in battleground state of Wisconsin
https://www.msn.com/en-us/news/politics/vp-harris-to-unveil-nursing-home-rules-in-battleground-state-of-wisconsin/ar-AA1nsdM3
SAM631 G5 returns to JBA from Charleston
USAFSOC 02-0042 C32B out from McGuire AFB for some roundies at Greensboro and heading SE now
10-3077 USAFSOC C146 Wolfhound departed Medellin, Colombia and behind the GTMO regular flight
GTMO844 US Navy Beech left Gitmo to Ft. Lauderdale (it’s there so why not)
E4 B Nightwatch on ground at Offutt-no call sign
That French AF A330 that came in on Friday at Norfolk CTM1011 has left back to Villacoublay AB
2 E 2 Hawkeyes heading east offshore
Told ya this was coming last night (see zmktFag Economic Schedule from last night) as it’s had a great run over last several weeks-both Ag and Au
>>20759214 pb
> and you can see in what is a normally a pretty quiet time for metals both Ag and Au are down for this time of the trade-so look for that all important smack down when NYMEX opens up….it’s overdue imo.
Gold set for biggest one-day drop in over a year as geopolitical concerns ease
https://www.marketwatch.com/story/gold-set-for-biggest-one-day-fall-since-december-as-geopolitical-concerns-ease-7b8b1a14?
https://www.kitco.com/charts/silver
https://www.kitco.com/charts/gold
Why do you need Q “to return”
Personally I haven’t mentioned it in about 3 years
Why?
Don’t need “a return “
Awww did yer fee-fee’s get hurt not hearing the answer you were fishing for?
Kek
Grow up as the only savior is yourself although I’d gather that ain’t habbening in yer case
Newsflash: it won’t as that ends the flow of cheap dollars to China-mostly plus anything outside the US so until BOJ rates are in line with rest of world this shit show continues-but make no mistake IF the BOJ loses control its lights out but this is highly unlikely. This entire game ENDS when the BOJ blows itself up and it really already has as it owns about 60% of it’s own debt and around 70-75% of its equity markets but what you aren’t seeing is the consequences of that….until that is allowed it’s Bidness as usual and can go on for long time.
When Will The Yen Carry Trade End?
Decades of negative interest rate policy in Japan have ended.
That could mean the end of the $20 trillion “yen carry trade,” once one of the most popular trades on foreign exchange markets, and a chain reaction in the global economy. The yen carry trade is when investors borrow yen to buy assets denominated in higher-yielding foreign currencies, like the USD, where interest rates are higher. Even now that the BoJ is hiking rates, (a tenth of 1%-color me shocked /s) interest rates in Japan are still (too) low, and will remain as such - the economy can’t handle too high of an uptick too fast after becoming dependent on NIRP. But the moment rates were raised above zero, the yen carry trade instantly became a far riskier gamble.
The yen has recently weakened against the dollar, keeping the carry trade attractive for now.
But if the BoJ starts dumping US Treasurys, (They are largest holder) sending yields up, and sacrificing stocks, a vicious cycle begins where the dollar strengthens against the yen to the point of the yen becoming practically worthless. (Well on its way imo)
Of course, it’s all relative. The yen is weak against the dollar, but with rampant inflation, the dollar is losing value too — just not as fast. When the media tells you the dollar is currently strong, what they’re really saying is that it’s strong compared to even weaker currencies (that would be those other 6 piles of shit in the DXY Index-you can look it up)
As it is, foreign exchange markets make traders money without adding any real value. With a global monetary standard where each country’s currency is pegged to the price of gold, there wouldn’t be the same opportunity to trade on the short-term fluctuations across different currencies, the supply and borrowing cost of each one determined by a central authority. Foreign exchange markets could still exist, but their appeal would be drastically diminished.
Since they essentially allow traders to harvest profits without investing in or creating anything of actual material value, one is left wondering if all that capital would end up flowing into more productive ventures.
(this below is key point in case you are unfamiliar with currency trading and the main reason I always avoided it-plus I like to sleep at night and with this highly leveraged trade you had better be aware at all hours of the day)Carry trades also rely on leveraged bets, which when they blow up, blow up hard. The BoJ has to let bond yields rise to counteract the weakening yen, bringing investors back to buying Japanese debt and pushing up bond yields in the US and EU. That means higher interest payments in the US and EU in the short term, which can only be paid with more borrowed money, creating a vicious feedback loop that stands to reveal the fundamental insolvency of major national economies.
https://www.zerohedge.com/markets/when-will-yen-carry-trade-end
https://tradingeconomics.com/japan/currency
And coming from you (hit a nerve last night I know)
See
<————
Speaks of ego with (22) posts of nothing but
Kek
Great entertainment bro
And there is Not AF1 Joe on 09-0015 returning from yet another vacation (from what who knows) to JBA from New Castle Cty Airport
Some PF advice to make it pop
Hit highlighted button on cap 1
Hit “Dim Map” cap 2
Also apply labels by hitting “”L” then “O” for desired info on label
It makes it much easier for others to read
Or not however yer putting in the werk so make it “pop” for others
o7
> before 2008 you had to have the commodity in your possession to short sell
Incorrect
Naked short selling going on MUCH longer and paper dumps on COMEX even longer