4 ms·
What crash so you foresee? We just had a correction but that’s typical and healthy. How do you think it will unfold?
by nemo44x 2y ago
What crash so you foresee? We just had a correction but that’s typical and healthy.
How do you think it will unfold?
- bboygravity 2y agoPossibly: Bank of Japan raises (or maintains) interest rate today or in the future, causes unwinding of the carry trade, which in turn causes over-leveraged banks (hello UBS/Credit Suisse) and hedge funds (hello Citadel, Susq, etc) to close/cover positions for margin, causing a chain-reaction and big crash. Again, basically the same root cause as 2008: lack of regulation, lack of enforcement, institutions "investing" in dogshit wrapped in catshit that shouldn't have exited in the first place, crash.