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William Davison
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Harry you can't use the performance of the US car industry v Japan's, to say devaluing a currency to does not stimulate an economy. The US car industry has behaved like lemmings for years, hiding behind SUV sales instead of competing in the main world car markets.
Oct 07 14:23 pm
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All Comments by William Davison »The Dogma of Low Interest Rates Is Wrong [View article]
After all Japan's currency was under valued until the 1980's, the rapid economic growth slowed once the Yen increased to a more realistic value against the Dollar. As China may well discover in 10 years time.