Hello, fellow Robo capitals, hope you're well. I'm here with my good buddy, Brent Johnson, who just came out with a mega report about the Yen carry trade.

Now, you may be saying to yourself, ah, George Brent, this is old news. This is so three weeks ago, but in reality, if you

look at the history of how these carry trades play out, it would actually lead you to

believe that we're only in inning two or three.

So on that bombshell, Brent, welcome back to the channel, Bud.

Thanks for your time.

Yeah, thanks for having to me.

I know we got on and we talked about it when this was kind of the topic du jour about a month ago.

And since then it feels like everybody's just kind of forgot about it and many people have come out and

said it's over.

It was totally unwound and everything's fine now.

And I'm not going to sit here and say, I know for sure

that that isn't the case.

All I know is just based on how Carrie Trades work, the unwinds throughout history.

And with the Yin being one of, if not the biggest,

Cary Trade out there, the idea that we're going to have three or four days of volatility

and all of a sudden it's all fixed.

It's pretty naive.

And when you look back and you see what has typically happened when a carry trade unwinds,

you know, we ain't saying nothing yet.

Yeah and I noticed in your report you actually reference the GFC and like when I think of the

GFC I don't really think about that in terms of a carry trade but that's that's kind of the kind of the reason the reason we put this out even though a

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