The biggest systemic risk to markets right now. Will it be the pin to pop the “everything bubble?” The yen carry trade has long been the financial world’s favorite magic trick: borrow yen at 0%, sell it for dollars, then plow the proceeds into whatever shiny thing is booming that month: U.S. tech stocks, crypto, […]
By Sean Dempsey, 07/08/25 The Good Knight He took no oath before her eyes,Nor knelt where others came.He watched the world behind her gate,And never spoke his name. They say he once was something more,A banner, or a flame;But all he kept were ragged threadsAnd shoulders bowed with shame. He waited where the garden ends,Where […]
By Sean Dempsey, 08/08/23 Seven year-old Anna was sneaking on her tiptoes to avoid the cottage flooring from creaking as she slipped out into the frosty air of the front porch. She was up remarkably early, startled awake by dark dreams she couldn’t fully remember. The morning light was just starting to dispel the night; […]
