Why Japan’s “Carry Trade” Is Causing a Global Stock Meltdown
24/7 Wall St.The odds are you’re reading this on Monday morning waking up wondering why US stock futures are so far in the red. As of 3:15 a.m. ET, Nasdaq futures are down 4.95% while Japan’s Nikkei 225 index crashed 12.4% overnight. That was the biggest loss for the Nikkei since 1987. Banks in Japan did even […]
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