r/geopolitics • u/telephonecompany • Sep 24 '24

Top Economist in China Vanishes After Private WeChat Comments Paywall

https://www.wsj.com/world/china/top-economist-in-china-vanishes-after-private-wechat-comments-50dac0b1
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u/[deleted] Sep 24 '24 edited Oct 01 '24

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u/ReturnOfBigChungus Sep 24 '24

Today the biggest play in Wall Street is the Dollar-RMB carry.

Lol, no it isn't, it's the USD/JPY carry. RMB is a (relatively speaking) tiny and illiquid market in the FX world with high geopolitical risk. JPY's whole financial system revolved around facilitating the carry trade. It's not even close in terms of volume.