Oh no the DebtAbsolute carnage in the world economically… the unwind of the JPY carry trade is breathtaking. Brilliant news if you’re invested in interest rate sensitive stocks, since this has all but assured we are on a path of multiple successive cuts moving forward (CDN and US) — and the possibility of bigger single cuts (50bps+) is now on the table as well.
I believe it is now safe to say, the debt is no longer an issue. Grab your popcorn. It's going to be a bumpy ride.