Universal Margin Call. That was my post at March 7. Yen is $112.79.
Look at ABX indices (especially ABX-HE-AAA 07-2). Or CMBX (CMBX-NA-AAA 2). I think it means “that’s it, game over” – we shall see something spectacular this month, whatever it will be.
Update 9 Nov:
- CMBX collapsed yesterday
- Commercial paper – worst decline in 2 months
- Yen 111.20 – complete failure of carry trade
Keep getting popcorn – we are very far from the bottom