The global carry trade on the edge of a cliff
Liquidity and macro positioning
Before we get into today's report for paid subscribers, a quick note: you can find all of my livestream recordings here. If you are new, I would encourage you to binge through them at 2x speed to get the full macro context. We will continue doing daily livestreams at 8:30 a.m. MST, and they will always appear on YouTube and Twitter.
You can also find the recent podcast I did with The Rollup here: LINK
The global carry trade on the edge of a cliff
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