https://johnjhardy.substack.com/p/between-a-greenland-rock-and-a-jgb

[🔗John Hardy's Between a Greenland rock and a JGB hard place.](https://johnjhardy.substack.com/p/between-a-greenland-rock-and-a-jgb) > "Below is what a devaluation of a country’s currency and its public debt (the same thing, often) look like. Consider your return as a US-based investor in that JGB over the last several years - falling from 95 to 38 and the currency falling by a third as well. After this latest…