Collective Obliviousness By Bas van Geffen, senior macro strategist at Rabobank Just two weeks have passed since the sharp deterioration in the US employment report sparked a sharp sell-off, but concerns seem to have faded: we’re back on track for Goldilocks. And, Bloomberg reports, the “carry trade that blew up markets” is finding new appeal. Have we collectively forgotten what happened only two weeks ago? [ZH… spoiler alert yes, as we noted 3 days ago] Someone tell the USDJPY the carry trade is 100% back on — zerohedge (@zerohedge) August 13, 2024 In any case, the emergency and outsized rate… — Continue at ZeroHedge News : Read More
