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Comments: When
there is NOT enough growth to go around, the battle ground is in the
currency markets to simply steal growth from other countries. The
central bankers and policy makers fight it out to each owns selfish
means. The Japanese are breaking ranks with fellow central bankers to
keep the US dollar low, they are allowing YEN to fall against the USD
(and others). The next crisis will take its lead from the currency
markets.
Comments: When
there is NOT enough growth to go around, the battle ground is in the
currency markets to simply steal growth from other countries. The
central bankers and policy makers fight it out to each owns selfish
means. The Japanese are breaking ranks with fellow central bankers to
keep the US dollar low, they are allowing YEN to fall against the USD
(and others). The next crisis will take its lead from the currency
markets.
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