Phugoid Dollar Funding

By |2019-04-03T16:42:05-04:00April 3rd, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

On August 12, 1985, Japan Airways flight 123 left Tokyo’s Haneda Airport on its way to a scheduled arrival in Osaka. Twelve minutes into the flight, the aircraft, a Boeing 747, suffered catastrophic failure when an aft pressure bulkhead burst. The airplane had been improperly repaired from a tailstrike (the tail of the aircraft actually [...]