* If Wall Street speculators claim that their actions are not treasonous acts meant to appease terror-sponsoring states and autocracies, they should limit their trading in commodity futures and government bonds to broking—matching the mutual needs of clients—and cease engaging in dealing for their own capital gains.
* To this, they argue that the rational justification for Wall Street speculators—namely, "investment banks" and hedge funds—to engage in large-scale counter-trading (dealing) is to neutralize market volatility when supply and demand tilt heavily to one side.
* However, looking at the yen's depreciation in 2022, for instance, the fact that the exchange rate swung dramatically in the opposite direction of the relative purchasing power parity (PPP) theory due to the yen carry trade serves as paramount proof that their excuse lacks supporting evidence.
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* If Wall Street speculators claim that their actions are not treasonous acts meant to appease terror-sponsoring states and autocracies, they should limit their trading in commodity futures and government bonds to broking—matching the mutual needs of clients—and cease engaging in dealing for their own capital gains.
* To this, they argue that the rational justification for Wall Street speculators—namely, "investment banks" and hedge funds—to engage in large-scale counter-trading (dealing) is to neutralize market volatility when supply and demand tilt heavily to one side.
* However, looking at the yen's depreciation in 2022, for instance, the fact that the exchange rate swung dramatically in the opposite direction of the relative purchasing power parity (PPP) theory due to the yen carry trade serves as paramount proof that their excuse lacks supporting evidence.