The FED has Lost Control of Global Bond Markets to BOJ with Weston Nakamura

11/15/23 • 52 min

Interview recorded - 10th of November, 2023
On this episode of the WTFinance podcast I have the pleasure of welcoming back Weston Nakamura - Founder & Host of @acrossthespreadYT .
During our conversation we spoke about
0:00 - Introduction
2:21 - What is Weston currently seeing in global bond markets?
12:46 - Are the BoJ unwinding yield control?
21:31 - Will Japanese bonds follow a similar trend to the US?
25:36 - Why is there a correlation between BoJ & other bonds?
29:56 - Why is the Yen remaining weak with increasing yields?
38:21 - Wil global yields/JGB yields rising?
44:41 - Yield control and yen protection can’t both go forever
47:46 - One message to takeaway from our conversation?
Weston is the founder of Across The Spread, a platform providing investors and market participants across the world with daily commentary and analysis on Asia markets and Asia-originated macro developments of consequence and impact to broader global markets. Prior to founding Across the Spread, Weston entered the world of financial media content creation as Global Markets Editor at Real Vision. As a former listed derivatives trader at Goldman Sachs and hedge fund sales at Jefferies Japan, Weston takes a global approach across asset classes including equities, rates, currencies, commodities and crypto through the lens of market price action, cross-asset relationships, investor flow behavior, and central banks and government policy activity.
Weston Nakamura -
Website - https://acrossthespread.com/
X - https://twitter.com/acrossthespread
YouTube - @acrossthespreadYT
WTFinance -
Instagram - https://www.instagram.com/wtfinancee/
Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfn
iTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4
Twitter - https://twitter.com/AnthonyFatseas

Previous Episode

A Recession Is Inevitable with Jared Dillian

Interview recorded - 7th of November, 2023
On this episode of the WTFinance podcast I had the pleasure of speaking with Jared Dillian - a writer, author, DJ, and speaker.
During our conversation we spoke about why a recession is inevitable, whether a FED pivot is imminent, how this will impact bond prices, how to be financially successful and more. I hope you enjoy!
0:00 - Introduction
1:04 - Jared’s current thoughts about what is happening in the markets?
3:18 - Was recent GDP read abnormal?
4:00 - Key indicators Jared will be watching
6:26 - What would have to happen for the FED to pivot?
7:46 - Why would FED cut if recession isn’t deep?
10:16 - Would cutting be good for equities?
11:44 - Why won’t we see a new normal?
14:06 - Are geopolitical risk being price into market?
15:31 - What was Jared’s influence for writing his book?
20:11 - Will we continue to see the 60/40 portfolio?
21:26 - One message to takeaway from conversation?
Jared Dillian is the editor The Jared Dillian Letter at Jared Dillian Money.
Jared also writes The Daily Dirtnap. And he hosts the BE SMART podcast, where he shares punchy, unconventional personal finance advice.
From 2001 to 2008, Jared worked at Lehman Brothers—first as an index arbitrage trader and then as head of the ETF trading desk, where he routinely traded over $1 billion a day in volume.
After Lehman, Jared started his own newsletter, The Daily Dirtnap, where he shares a wealth of trade ideas for sophisticated, self-directed investors.
Jared’s Street Freak advisory translates the Dirtnap’s unique market commentary into specific, actionable investment guidance, while Strategic Portfolio gives subscribers the premier “set it and forget it” portfolio.
If you want to dip your toes in the waters of Jared’s inimitable writing style and analysis, consider reading Jared Dillian Money, his free weekly e-letter.
Jared’s memoir, Street Freak: Money and Madness at Lehman Brothers, was named Businessweek’s #1 general business book of 2011. He published his first novel, All the Evil of This World, in 2016. He has a new book coming out on January 23, No Worries: How to Live a Stress-Free Financial Life.
Pre-order your copy here: www.buynoworries.com
Jared has been a regular contributor at Bloomberg Opinion, Forbes, and other major outlets. He has been featured on MSNBC, Bloomberg TV, The New York Times, The Wall Street Journal, LA Times, Business Insider, and dozens of local and syndicated radio programs. Additionally, he was an adjunct professor in the graduate business program at Coastal Carolina University from 2013–2018.
Jared Dillian’s ideas and writing can be found at Jared Dillian Money.
Jared Dillian:
Website - http://jareddillianshow.com/
TikTok - https://www.tiktok.com/@jareddillianmoney
Instagram - https://www.instagram.com/jareddillianmoney/
Twitter - https://twitter.com/dailydirtnap
WTFinance -
Instagram - https://www.instagram.com/wtfinancee/
Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfn
iTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4
Twitter - https://twitter.com/AnthonyFatseas

Next Episode

Economic Ninja: Serious Market Disruptions in 2024

Interview recorded - 14th of November, 2023
On this episode of the WTFinance podcast I had the pleasure of speaking with @EconomicNinja.
During our conversation we spoke about what he is currently seeing in the markets, disconnect between markets and the economy, who would replace the US Dollar, short-term gain long-term pain, assets to focus on in this period and more!
0:00 - Introduction
1:15 - What is Ninja seeing in the markets?
5:01 - Disconnect between markets and the economy
9:11 - Core CPI rather than just CPI
10:21 - Other trends to keep economy from crashing?
13:58 - Who would replace the US Dollar?
16:21 - Gold back transactions
18:05 - US deficit dependent on yields
21:56 - Market up short-term, risk long-term
23:09 - Markets go up in election year
24:12 - Any assets Ninja is focusing on in this period?
Economic Ninja has been an entrepreneur since he started selling candy in the 6th grade. He thrived on challenges, economics and business. He "flipped" quite a few homes in the early 2000s and has owned multiple rental properties, so he has a lot of personal experience with real estate transactions, loans, remodelling homes. He has "a super human thirst for economic knowledge." He spends many hours every day listening to and reading articles on market trends, interest rate cycles, and all aspects of economics and the world of finance.
Economic Ninja -
YouTube - @EconomicNinja
Real Estate YouTube - @RealEstateNinja1
Twitter - https://twitter.com/economyninja
Instagram - https://www.instagram.com/economic_ninja/?hl=en
TikTok - https://www.tiktok.com/@economicninja
WTFinance -
Instagram - https://www.instagram.com/wtfinancee/
Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfn
iTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4
Twitter - https://twitter.com/AnthonyFatseas