Markets are crashing because of -- among other factors -- over-leveraged positions; it's a hella more expensive to hold carry trades with rising interest rates, so people close their positions, thus creating a cascade.
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Hella expensive confirmed.
You from norcal?
Southern Brazil
Surprisingly, we had a price index deflation this month, mostly because the government cut a fuck ton o taxes on gas, electricity and something else. CPI is a joke.