The illegal trade of potatoes by the French after stealing the Irish's potatoes and reselling them to the Americans, who sold them back to the British. This caused a Market Crash in late 2023 in Ireland and Floptropica. Jiafei recently denied the accusations of being involved with the TAPT in a press conference with President Deborah Ali Williams.
Joe: Have you heard about the Trans Atlantic Potato Trade?
Xijemono: Has Jiafei said anything about it yet?
Joe: I hope she did. It could cause the value of potatoes to drop.
Xijemono: Has Jiafei said anything about it yet?
Joe: I hope she did. It could cause the value of potatoes to drop.
by TigreZaddz November 06, 2023
Carry trade is an investment consisting of borrowing at a low interest rate to invest in an asset providing a higher rate of return, typically for less than a year.
Carry trades often involve borrowing in hard currency (such as dollars, euros, british pounds, or yen) to invest in high-risk, high-interest notes issued by third world countries.
As these investments are typically not sustainable for the issuing country, most such carry trades are cashed out (re-converted into dollars) within a year - during which net returns of 10% to 50% can often be earned.
Carry trades often involve borrowing in hard currency (such as dollars, euros, british pounds, or yen) to invest in high-risk, high-interest notes issued by third world countries.
As these investments are typically not sustainable for the issuing country, most such carry trades are cashed out (re-converted into dollars) within a year - during which net returns of 10% to 50% can often be earned.
A disastrous carry trade developed in Argentina during the Macri presidency (2015-19), as both local and foreign investors took advantage of notes with annual yields averaging over 80%. The trick was re-converting the notes into dollars before the inevitable devaluations, in which the investment could lose 20% in a day.
by ruckman December 24, 2019