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A carry crash also kicked off the global financial crisis 17 years ago — here’s why it’s unlikely to get as bad this time
Many casual readers of the financial press will have learned a new term in the past few days: the “carry trade”. This is the culprit for the rollercoaster state of markets, many market commentators and journalists have opined. Indeed it also played a role in kicking off the credit crunch and resulting global financial crisis