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![RoatMichael Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1265124253562699777.png) Michael Roat [@RoatMichael](/creator/twitter/RoatMichael) on x XXX followers
Created: 2025-07-19 02:31:59 UTC

Tariffs are inflationary shock to the US and a deflationary shock for Japan so UST yield premiums over JGBs should widen meaning no reverse carry trade... Not bullish the biggest spec. bubble since XX but this isn't what wrecks it. EM dollar denominated debt is.


XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946397579253547457/c:line.svg)

**Related Topics**
[reverse](/topic/reverse)
[debt](/topic/debt)
[money](/topic/money)
[bubble](/topic/bubble)
[spec](/topic/spec)
[ust](/topic/ust)
[japan](/topic/japan)
[tariffs](/topic/tariffs)

[Post Link](https://x.com/RoatMichael/status/1946397579253547457)