After Greenland, the rupture in the Transatlantic Alliance was made visible at the WEF conference in Davos.

Mark Carney said the quiet bit aloud. But the real implications are beginning to be felt in the deep financial plumbing that undergirds the global economy.

Now, a Japanese bond market sell-off is unsettling larger forces. If Japanese interest rate then rocket, they may need to liquify their massive US Treasury bond holdings. Beyond the geopolitics, this is going to turn nasty – economic levels of nasty.

We’ll be exploring the full low road prospectus in this bumper-length members-only show.

This is our monthly paywalled episode.

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