Sunday, October 3, 2010
WORLD MARKETS GLOBAL ECONOMY WEEKAHEAD-Currency war fears tinge IMF meetings
None of the world economic powers want strong currency. The weaker currency gives a strong competitive advantage. In the past month, the Japanese yen has decreased and other countries are planning on following. The US is planning on printing as much 1 trillion dollars to weaken the dollar. The current currency war is actually hurting emerging markets such as Brazil.
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If the United States printed 1 trillion dollars, this can have good and bad turnouts. One good thing that could come out of it is that it can give us the advantage with exports. But this could also lead to hyperinflation!
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