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this post was submitted on 09 Aug 2024
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chapotraphouse
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Oof. He got pranked.
sorry, the fed raising rates made the carry trade unprofitable. Back to work serf.
time
"easy, just save more money for retirement"
Its only a decline in Dollar terms, not purchasing power tbf.
if he were in Pakistan or some global South country, a 40% depreciation would (likely) mean a 40% reduction (maybe more) in purchasing power but its not 1:1 with Japan (and China, Russia, most Western countries).
spoiler
What is CPI?
Edit: Consumer Price Index
Maybe he had investments that were affected by it.
I'd burn down the Japanese stock exchange at that point.
future