Our Currency’s Still Your Problem
"The USD 'wrecking ball' is again the world’s problem," Nomura's Charlie McElligott said Thursday.
A week on from "Return Of The Wrecking Ball," dollar implacability was "the primary gripe" emanating from the IMF-World Bank meetings in Washington, Charlie wrote, noting that Janet Yellen was compelled to acknowledge the "serious concerns" of Japan and South Korea, where officials are vexed by persistent currency weakness.
Yellen's endorsement of a joint statement with Japanese Finance Ministe
lol, thanks H
Similar to universal basic income given to people in the US- in order to close the wealth gap; this must also be considered in international markets – to maintain some level of civility in the world. Part of our responsibility as the caretaker of the global reserve currency (USD).
Rates have to go down…..right? 🙂
:rofl:
Something has to break…