Right now markets are imploding. Japan’s Nikkei just had the worst day since 1987, falling as much as 12.4% – that’s basically their entire market – before recovering to a mild 7% loss. This was after two days of 5% declines. Here at home, the Nasdaq composite fell over 3.4% and the S&P500 tumbled 3%. … Continue reading The Japan Carry Trade, Explained.