The way last Monday’s global market meltdown unfolded so rapidly — and just as quickly faded out — is exposing how vulnerable markets are to the yen carry-trade strategy that hedge funds exploited to bankroll hundreds of billions of dollars of bets in virtually every corner of the world. But GAM multi-asset strategist Julian Howard says the "death of the carry trade is being called a little bit prematurely." He speaks on Bloomberg Television.
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News post in August 12, 2024, 12:04 pm.
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