Jun 25/14 – Shorting JGBs is not going to help with the threesomes

Last year it seemed like all that any macro trader wanted to talk about was Japan’s imminent decline into a hyper inflationary currency death spiral. Links to slick presentations from the likes of Kyle Bass and others filled my inbox on a daily basis.

It was no surprise that the macro traders were focused on Japan – the election of Prime Minister Abe had…