Welcome to the Currency War, Part 12: Bankrupt Rome and Soaring Euro-Bonds
Only in a world totally corrupted by easy money could the following two things be announced on the same day. First: European Bonds Surge as
Only in a world totally corrupted by easy money could the following two things be announced on the same day. First: European Bonds Surge as
For a while there it looked like Europe was beginning to dig itself out of the pit into which it had fallen after the 2008
For a while there it looked like Japan had the answer. A strong new leader comes in and cuts through all the indecision, orders the
Japan’s currency devaluation has worked beautifully. The yen is plunging, Japanese stocks are soaring, and the current account surplus — the main measure of a
It’s easy to understand the attraction of things like adjustable-rate mortgages and teaser-rate credit cards. They give you cheap money up front and a few
Forget about the fiscal cliff. December’s big story was the ascension of a new leader in Japan whose platform is aggressive inflation: Global Currency Tensions
The Eurozone meltdown has sent capital pouring into (temporarily) safe haven currencies like the US dollar, which rose by nearly 12% between October 2011 and
The euro is down big lately, which is to be expected. Over-indebted countries have traditionally used devaluation to keep their debts from crippling them. The
As everyone knows by now, Greece, Spain and the rest of the PIIGS countries can’t fix their economies because they can’t devalue. If they were
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