One currency the dollar is on the rise against is the yen as the QE3 announcement forces Japan...


One currency the dollar is on the rise against is the yen as the QE3 announcement forces Japan to trot out finmin Azumi to threaten intervention. "I will not rule out any measures and I will take decisive steps when it is deemed necessary." That line could have been lifted straight from Bernanke's press conference. Do both own a copy of Central Planning-speak for Dummies?

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  • Tony Petroski
    , contributor
    Comments (6356) | Send Message
     
    "Do both own a copy of Central Planning-speak for Dummies?"

     

    Yes.

     

    This from chapter 13, "Growing Economies."
    "If your rival is throwing dollars out of a helicopter, get in the air and throw yen out of your own chopper. Explain to anyone questioning the wisdom of such a move that 'I'm a student of Malaise II.'"
    14 Sep 2012, 07:52 AM Reply Like
  • schatzl
    , contributor
    Comments (391) | Send Message
     
    Too funny. Let's see who can print faster. The UK, Eurozone, US or Japan. I'm predicting a close race to the bottom. Could be a handicap for the US though if they have to rely on Japanese built and imported copy machines.
    14 Sep 2012, 08:00 AM Reply Like
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