Agree about the Carry Trade. Been watching that unwind. Might...

Agree about the Carry Trade. Been watching that unwind. Might have a few days to go.

Pre-open in the US is looking pretty ugly.

On another side issue, Bangladesh's PM just resigned and ran off - and protestors have invaded her home; Maidan style.

https://www.aljazeera.com/news/2024/8/5/bangladesh-pm-hasina-quits-and-flees-as-protestors-storm-palace-reports#:~:text=Hasina%2C%20who%20had%20ruled%20the,authorities%20have%20sought%20to%20crush.

As to this Iran issue, I was hoping Iran wouldn't overreact given Ismail Haniyeh was Sunni.

But this event look like the trigger for WW1 when Archduke Franz Ferdinand was assassinated.