The Silver Lining? Maybe This Is It
The silver lining is that the actual professional market knows everything I have written here, and so that ‘might’ mean that they already know, and that current prices already include this uncertainty in current prices. Maybe.
Retail investors aware of this (yes, that includes XYZ Wealth Management LLC)? DO NOT MAKE ME LAUGH. “Dear advisor, please tell me what long dated cross currency swap is, how does it work, and what are the restraints?”
If more than 0.25% can answer correctly, I will eat my hat..