Good stuff here from Mark Dow on understanding the Yen carry trade. Precisely what you should be doing with your Saturday.
“This is the question I always fantasize an insightful CNBC interviewer will ask of his/her guest after the guest offhandedly mumbles something about ‘the yen carry trade’.
Odds are, though, it’ll never happen.
What is a carry trade and why is it so pervasively misunderstood?”
Read the whole piece in the link above.