August 29, 2024· 38 min

Hyun Song Shin on How Big the Yen Carry Trade Really Is

Hyun Song Shin

Orality

Model

82%

Oral-dominant (speeches, podcasts, storytelling)

Speaker Breakdown

HostTracy Alloway(1,225 words)

M:29%

HostJoe Weisenthal(1,222 words)

M:94%

GuestHyun Song Shin(4,041 words)

M:29%

Oral Indicators

Agonistic42%

basically, crazy, absolutely

Engagement74%

you, our, your

Memory Aids100%

listen, so, now

Repetition100%

know (119x), it's (60x), like (53x)

Parallelism100%

So why would I pay for stuff I..., And I'm Joe Weisenthal...., But I think, actually okay....

Sound Patterns66%

49 question(s), alliteration: "markets move", alliteration: "barclays brief"

Formulaic Phrases3%

i mean

Literate Indicators

Hedging11%

could, quite, rather

Passive Voice9%

been offended, was portrayed, was described

Abstract Nouns22%

investment, business, verizon.com/business

Subordination9%

because, while, since

Sentence Length42%

Avg: 15.6 words/sentence

Word Complexity46%

investment, analyze, anticipate

Academic Markers0%

Impersonal Style26%

553 personal pronouns found

Descriptive Style98%

exactly, apply, monthly

Description

Remember August 5th? That was the day that markets around the world plunged in historic fashion and everyone became an overnight expert on the yen carry trade. But what really is the yen carry trade? How big is it? Who is making the trade? And what is its connection to markets all around the world? On this episode, recorded at the Kansas City Federal Reserve Bank of Kansas City's Economic Symposium in Jackson Hole, Wyoming, we speak with Hyun Song Shin, economic advisor and head of research at the Bank for International Settlements. He walks us through the mechanics of the trade, what went on in early August, and the lessons we've already learned from it. Only Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlots See omnystudio.com/listener for privacy information.

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