Quoth the Raven #345 - George Gammon Explains The Yen Carry Trade Chaos

Quoth the Raven

Business, Comedy, Business:investing, Investing

4.5 • 979 Ratings

🗓️ 11 August 2024

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

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Summary

George Gammon hosts the Rebel Capitalist Show on YouTube and runs the Rebel Capitalist Pro platform. George is one of my favorite economic commentators and has been a friend of mine, and my podcast, for years. I often describe his podcast as similar to mine, just more well thought out, more educational and more useful with less dick and fart jokes. Hey, everybody’s got their own style. This is a discussion I had with George on Monday 8/5/2024 following the chaos in U.S. markets on Monday, which followed a 12% drubbing in Japanese stocks Sunday night heading into Monday. On this podcast, we discussed: What the yen carry trade is and why it’s screwing up the works in the U.S. Other risks to U.S. markets and the U.S. economy Whether George thinks we are heading for a debt crisis (the answer might surprise you) What the bond market is telling us How George thinks the Fed is going to react to this volatility What George thinks the market is going to do in both the short and medium term Support QTR My near-daily blog, Fringe Finance. Get 40% off a subscription: https://quoththeraven.substack.com/subscribe?coupon=fa90a2a2&utm_content= Contribute a donation to the podcast via Patreon: https://www.patreon.com/QTRResearch Follow me on YouTube, and Twitter Please show love to those who support the QTR Podcast: JM Bullion - where QTR buys gold & silver - email [email protected] - Twitter: @JMBullion George Gammon - Rebel Capitalist Pro - Twitter: @GeorgeGammon Longest Running Supporters Max Mulvihill - Since 2/2018 Mark Heywood - Since 3/2018 Kyle Thomas - Since 4/2018 Chris Bede - Since 5/2018 Dariusz Kordonski - Since 5/2018 Chris Gerrard - Since 5/2018 Shear Luck - Since 5/2018 Founding Members Of My "FRINGE FINANCE" Column Kashumba - Since 8/2021 Randy Carder - Since 8/2021 T Gaggiotti - Since 8/2021 Jamie - Since 8/2021 A Farmer - Since 9/2021 Harvest Moon Research - Since 9/2021 John H. H. - Since 11/2021 Mark Hutchinson - Since 11/2021 Joseph K. H. - Since 10/2021 A Farmer - Since 9/2021 Tsniezyk - Since 9/2021 Chris - Since 12/2021 All podcast content is subject to this disclaimer, which you should read slowly, multiple times. QTR’s Disclaimer: Please read my full legal disclaimer on my About page here. This podcast represents my opinions only. In addition, please understand I am an idiot and often get things wrong and lose money. I may own or transact in any names mentioned in this piece at any time without warning. Contributor posts and aggregated posts have been hand selected by me, have not been fact checked and are the opinions of their authors. Guests have not been fact checked. Guest opinions and my opinions are not a recommendation to buy or sell any stocks or securities, just opinions. I often lose money on positions I trade/invest in. I may add any name mentioned in this podcast and sell any name mentioned in this piece at any time, without further warning. None of this is a solicitation to buy or sell securities. I may or may not own names I talk, write or think about and are watching. Sometimes I’m bullish without owning things, sometimes I’m bearish and do own things. Just assume my positions could be exactly the opposite of what you think they are just in case. All positions can change immediately as soon as I publish this, with or without notice and at any point I can be long, short or neutral on any position. You are on your own. Do not make decisions based on my blog. I exist on the fringe. The publisher does not guarantee the accuracy or completeness of the information provided in this page. These are not the opinions of any of my employers, partners, or associates. I did my best to be honest about my disclosures but can’t guarantee I am right; I write these posts after a couple beers sometimes. I edit after my posts are published because I’m impatient and lazy, so if you see a typo, check back in a half hour. Also, I just straight up get shit wrong a

Transcript

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0:00.0	Stoked to have you with me a lot going on in markets this week and so I'm very happy to have George Gamin with me here today because he understands things a lot better than I do to be frank with you.
0:13.6	First and foremost this podcast brought to you by my friends over at J.M. Bullion
0:17.0	my long-term gold and silver bullion providers.
0:20.1	I love J.M. Bullion.
0:21.7	They ship quickly, they package discreetly, they're wonderful to work with.
0:25.6	They always have robust inventory, manageable spot premiums, and generally are just a pleasure to do business with so if you're in the market for
0:34.4	gold and silver bullion check out my friends over at j m j m boulion you can always email l l a u r a at j m j m boulion dot com she is there for k t r Laura, LAU-R-A at J-M-bullion.
0:42.6	She is there for Q-T-R- Podcast listeners directly.
0:47.0	So if you don't want to deal with the website, which, by the way, is very easy to use
0:50.4	and manageable if you'd like to order that way.
0:52.8	I've done it before.
0:54.6	If you don't want to deal with that, maybe you have questions,
0:56.6	first time ordering gold and silver bullion,
0:58.6	email Laura, tell her you are a QTR podcast listener and she would be happy to help you out with all your
1:05.4	gold and silver bullion needs. If you need gold and silver you need
1:09.9	J.M bullion. They've been in business for nearly a decade. They've done over $7 billion in sales and most
1:16.4	importantly they've been my long-term partner for years now and if you like the
1:21.5	podcast you got to show them some love because they help me eat a
1:26.4	thimble full of rice for dinner every day in my studio apartment, my 400 square foot studio apartment and my car with a badly damaged passenger side mirror.
1:38.0	JM Boy and I love you guys.
1:42.0	And my only other sponsor right now I only have two is my dear friend George
1:45.6	Gavin who we will talk to in moments but Rebel Capitalist Pro a wonderful service
	...

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