it really looks as if they have completely derailed. it seems as if we are experiencing overlapping monetary effects as the Chinese, for example, are intervening massively with liquidity. the Europeans cannot wait much longer to see where inflation is if they want to prevent the collapse of public finances.

TomK

econ

Eurozone: Japan's interest rate turnaround could be the wrecking ball

I don't think there will be a reverse in the carry trade, maybe just that the difference will be smaller and more normal.
What I am worried is, will central banks really print new inflation with markets at all time highs? It all seems so out of place. Either a big crash is coming, or they will keep interest rates higher for longer than expected. but who knows 