I fully agree with you on that. Def agree about 2H 2023 and carry trade unwinding. I still don't fully understand YCC though and will dig deeper on that in the context of ending the YCC. One parting thought: I wouldn't particularly trust the bankers when they say YCC is temporary. It might be, but, as we all know, temporary public polici…
I fully agree with you on that. Def agree about 2H 2023 and carry trade unwinding. I still don't fully understand YCC though and will dig deeper on that in the context of ending the YCC. One parting thought: I wouldn't particularly trust the bankers when they say YCC is temporary. It might be, but, as we all know, temporary public policies have a nasty habit of becoming perpetual ones...
Thank you for your reply and interesting discussion!
I fully agree with you on that. Def agree about 2H 2023 and carry trade unwinding. I still don't fully understand YCC though and will dig deeper on that in the context of ending the YCC. One parting thought: I wouldn't particularly trust the bankers when they say YCC is temporary. It might be, but, as we all know, temporary public policies have a nasty habit of becoming perpetual ones...
Thank you for your reply and interesting discussion!