2010 new Wars !
The global race to the bottom in currencies may be less a war than it is an inevitable reaction to the growth of developing countries and the need for export-driven economies to stay competitive.
The global race to the bottom in currencies may be less a war than it is an inevitable reaction to the growth of developing countries and the need for export-driven economies to stay competitive.
>This battle goes well beyond trade.
>This currency war has fired all cylinders in one go as all Commodities : gold, silver, soft commodities are approaching their new highs or lifetime highs.
> This may not end here as this will ignite huge Socio-political reactions worldwide as all Governments will rush to devaluate their currencies to counter these "attacks".
>on Tuesday when Japanese bank nudged its target interest rate to zero, which the US stock market took as provocation for the Federal Reserve to embark on another easing round of its own.
For now this will ignite maniac rallies across all asset classes worldwide which will end in fear & greed !
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