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Home‘Beggar Thy Neighbor’ Leads to Currency Wars
Posted by Larry Doyle on February 14th, 2013 6:56 AM |
The United States still has an official policy of pursuing a strong dollar, right?
Yes, right, and if you were to believe that, might I interest you in a bridge in Brooklyn?
The simple fact is that five years into our economic crisis, the major economic centers of the world, those being the USA, the EU, and now Japan are all employing the same central bank policy to support their economies. This policy of quantitative easing is an attempt to accomplish a combination of the following, with different emphasis depending on the region: (more…)
