Going broke on a fixed income of $1,000,000/year in 2013 (or “The Yen Carry Trade almost returns”)

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In the first half of 2010, I advocated the “Yen Convergence trade” as an alternative to the Yen Carry trade in a G7-wide zero interest rate (short-term) environment. The Yen Convergence trade takes the view that one of two things is likely to happen: a.) America and Europe become more like Japan, and their ageing […]