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Tuesday, Feb 19
Jim Rogers used to call G-7/G-20 meetings the equivalent of professional wrestling, but...
Jim Rogers used to call G-7/G-20 meetings the equivalent of professional wrestling, but Bridgwater sugar-coats it a little bit, calling discussions there about currency wars "more of a semantic dance than a substantive matter." Change in monetary policy is the same as change in currency policy, says Bridgwater, and countries (Japan) will manage monetary policy for their own domestic purposes. (h/t fed_speak).