Take It To The (Debt) Limit
RiskReversal Pod
00:00
Bond Volatility Is Back in Spades
Danny Cevallos: The one thing that the global economy could always count on was kind of this yen carry trade. That is now, I think, being thrown out completely because of the volatility that's come in and because everyone all of a sudden cares about the fundamental of a first country's balance sheet. We saw it in the BOE. We are going to see it here. Whether the debt ceiling issue brings it to the forefront for whatever reason when people can actually stop ignoring the fact we can't print our way out of everything all the time.
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