Phugoid US Dollar Funding

From alhambrapartners.com

On August 12, 1985, Japan Airways flight 123 left Tokyo’s Haneda Airport on its way to a scheduled arrival in Osaka. Twelve minutes into the flight, the aircraft, a Boeing 747, suffered catastrophic failure when an aft pressure bulkhead burst. The airplane had been improperly repaired from a tailstrike (the tail of the aircraft actually hitting the runway pavement) seven years earlier, and therefore wasn’t sufficiently robust to maintain itself from the wear and tear of years compressing and decompressing the cabin. Upon rupture, the 747’s passenger compartment rapidly decompressed which flung debris toward the ... (full story)