Daily Archives: March 3, 2026

04Sep1:23 pmEST

Then You've Already Lost

"If you must resort to violence, then you've already lost." -John Connor (Sean Connery), Rising Sun (1993).  Don't look now, but the Japanese Yen currency is strengthening again.  As we saw (briefly) in early-August, when the Yen moves higher it pressures the much-ballyhooed "Yen carry trade," where speculators have cheaply borrowed the...

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