[shadowmanifold]

This type of thinking is why we are ultimately doomed.

Yen is not the world's reserve currency. It won't matter until it does. Then the consequences are unimaginably devastating when it does.

It will be reflected in the 30 year bond first though. 4.3% is laughable compensation for the risk for my risk preference. That yield is already floored at some not great rate for housing here because of the debt without the Fed stepping in.