Goldman Sachs: "We are not going down because of recession but because of an unwind of circa 20 trilion carry trades. Only BOJ can stop this."

One day later, here is Goldman:

"We are not going down because of recession but because of an unwind of circa 20 trilion carry trades. Only BOJ can stop this." https://t.co/LEwXtFYQFE

— zerohedge (@zerohedge) August 5, 2024