đŻ The AI boom has backed the Bank of Japan into a corner
đ° Kazuo Ueda spoke at five events this morning: AI demand is driving up capital spending and pricesâa demand-pull effectâwhile the Middle East conflict is pushing up energy prices, a supply shock
đŹ With both types of inflation happening at once, rate hikes are unavoidable. When the yen tightens, carry-trade money pulls out first, and highly leveraged fringe assets like crypto are always the first to be liquidated
đ·ïž #æ„æŹć€źèĄ #ć„æŻäș€æ #æ”ćšæ§ #Global Macro
đ° Kazuo Ueda spoke at five events this morning: AI demand is driving up capital spending and pricesâa demand-pull effectâwhile the Middle East conflict is pushing up energy prices, a supply shock
đŹ With both types of inflation happening at once, rate hikes are unavoidable. When the yen tightens, carry-trade money pulls out first, and highly leveraged fringe assets like crypto are always the first to be liquidated
đ·ïž #æ„æŹć€źèĄ #ć„æŻäș€æ #æ”ćšæ§ #Global Macro