sedek

Switzerland Threatens to Start a Currency War

"Bottom line: Many countries would love to devalue. They are all itching to do it – and that includes the U.S. too. (You think American exporters, and the unions behind them, wouldn’t love a weaker greenback?)

The reason we haven’t seen a runaway stampede of competitive devaluations yet is because it’s just international bad etiquette. No one really wanted to be the first to say “Sorry guys, but we have to do this.”"

All the fiat currencies have been devaluing for years, especially the dollar. The pound and euro have been gutting themselves with rate cuts to try to keep up, which makes the dollar look "strong." The Swiss just joined the rest of the world.

Weekly Market Commentary: May 19th - May 23rd

Thanks for the information. Well done.