I've read that the carry trade is dead.
I'm an idiot newbie, so please explain to me in "idiot newbie" terms, how/why the carry trade is dead. Seems to me that selling JPY at .5% and buying NZD at 8% ... that's a lot of interest.
So what am I missing?
I'm an idiot newbie, so please explain to me in "idiot newbie" terms, how/why the carry trade is dead. Seems to me that selling JPY at .5% and buying NZD at 8% ... that's a lot of interest.
So what am I missing?