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.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.