Said on Jul 28, 2026, at 27:56 in the video.
“So basically what we know is that every single time the yen got stronger really fast, it meant that markets somewhere in the world were starting to break.”The direction of this call could not be determined with confidence, so it is held out of the score.
The direction of this call could not be determined with confidence, so it is held out of the score.
crash, yen goes up while everything else in the world was being sold. Then August 2024, the Bank of Japan increased interest rates by just a little, a quarter of 1%. The yen went up and a part of that carry trade started to unwind and in one day Japan's stock market went down 12%. The worst day since 1987 and the US stock market went down 3%. Millions of people here in the US watched their portfolios lose money that day with no idea what was happening. Nothing happened in the US, but something was happening in Japan. So basically what we know is that every single time the yen got stronger really fast, it meant that markets somewhere in the world were starting to break. Now to be fair, the yen going up is not what causes these things to happen. It's usually the other way around. A crisis happens, the borrowed yen trade unwinds, everyone buys back yen, right? And the yen goes up really fast as everything else goes down. So the yen is kind of like a proxy or a measure for how much global leverage there is, how much money borrowing is going on. Now today, obviously the yen is not going up. It's a very weak money. It's having a hard time going up partially thanks to the world betting against
What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.
Graham StephanMarket crashwill not happen
“Worst-case scenario is that investors get pushed to a point where it all unravels at once. But, given how Washington is closely monitoring the situation, I tend to believe that's probably not going to happen, and most likely this is going to blow over in a few weeks.”
Aug 3, 2026 · after 90 days
Graham Stephan, relaying Ed Yardeni: a call with no clear direction
“the veteran strategist Ed Yardeni, who's usually one of the most bullish people on the planet, recently raised his probability of a market meltdown to 35% citing the collision of the Iran oil shock with existing trade pressures.”
Jul 27, 2026
Coin Bureaua call under review
“the next major crypto collapse is unlikely to come from a regulator crackdown. It is going to come from a regulator that looked away while a politically connected firm built something it could not actually support.”
Jun 4, 2026
Graham StephanMarket crashwill not happen
“To me, the most realistic outcome here is not a sudden market crash that no one sees coming, but instead a slow constriction of the”
May 18, 2026 · after 90 days
Coin BureauMarket crash— not judged: the rule reads only the US stock market in general
“Or are we watching the slow-motion opening of a 2022 style cascade where the largest concentrated holder of an asset eventually becomes the trigger for the next major leg lower?”
May 9, 2026 · after 1 year
Coin BureauMarket crash— not judged: the rule reads only the US stock market in general
“there is an $874 million cluster of leveraged long liquidations sitting just below the current price.”
May 9, 2026 · after 1 year
