pkt on Nostr: Yes, you read that right: Japan had negative interest rates. That's such an obviously ...
Yes, you read that right: Japan had negative interest rates.
That's such an obviously batshit crazy idea that it's no wonder everything is going haywire.
The Nikkei is gearing up for a big drop today (their Monday morning). We'll see how it closes, but it's seemingly the largest 2-day drop in Nikkei history given what happened on Friday.
There's a lot of financial plumbing stuff going on currently. As Japan hikes rates from -0.10% to now 0.25%, they're disrupting the global carry trade, where a lot of global capital is borrowed from Japan and elsewhere in Asia and stuffed into U.S. large cap stonks.
Bitcoin caught up.
Published at
2024-08-05 05:25:10Event JSON
{
"id": "9e2df1fc57d83e41dccc11c663b3ab6106923026a28363c5ac33afd655abe2e1",
"pubkey": "ccaa58e37c99c85bc5e754028a718bd46485e5d3cb3345691ecab83c755d48cc",
"created_at": 1722835510,
"kind": 1,
"tags": [
[
"e",
"7993d8f85e1042b570d4a2723f3026670bfd72e58937b679c8c8e6e9e246d40f",
"",
"mention"
],
[
"p",
"eab0e756d32b80bcd464f3d844b8040303075a13eabc3599a762c9ac7ab91f4f",
"",
"mention"
],
[
"q",
"7993d8f85e1042b570d4a2723f3026670bfd72e58937b679c8c8e6e9e246d40f"
]
],
"content": "Yes, you read that right: Japan had negative interest rates.\n\nThat's such an obviously batshit crazy idea that it's no wonder everything is going haywire.\n\nnostr:nevent1qqs8ny7clp0pqs44wr22yu3lxqnxwzlawtjcjdak08yv3ehfufrdgrcpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0qgsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncrqsqqqqqpj935y6",
"sig": "23ac3fabe13b88e5749c84de614dfea56d916ce9961fc83e84e246be011dbab7d452732762e7215c23baf4b3981b9fccc4553eb1803ebe76666ab05f69a48f0e"
}
