40 year old econ 101 that fits today

My father explaining the reverse carry trade, Japan, and global margin call on the entire stock market back in the mid-1980s.

I miss him.

This explains the $SPX, $NVDA, and what comes next.

Watch and repost this.

Not for me – for his honor as an immigrant who never relented. pic.twitter.com/auYsDXVdOz

— Michael A. Gayed, CFA (@leadlagreport) August 5, 2024