Globe Editorial -"Quantitative easing is devaluation by another name"
Oh My, ......
but ...what's the best thing to do if money's no good anymore as a store of wealth?
Quantitative easing is devaluation by another name
From Saturday's Globe and Mail
Published Friday, Nov. 05, 2010 7:30PM EDT
Last updated Friday, Nov. 05, 2010 10:06PM EDT
The U.S. Federal Reserve’s quantitative easing program, announced on Wednesday, has the effect of being a devaluation of the American dollar, which makes it the latest episode in the so-called currency wars. Even metaphorically named wars are a chaotic and risky way to solve problems.
That is all the more reason why the G20 summit next week in Seoul should try hard to reach an agreement on how to diminish international economic imbalances, limiting trade surpluses and trade deficits and large accumulations of foreign-exchange reserves.
READ the whole article on web page see charts etc
but ...what's the best thing to do if money's no good anymore as a store of wealth?
Quantitative easing is devaluation by another name
From Saturday's Globe and Mail
Published Friday, Nov. 05, 2010 7:30PM EDT
Last updated Friday, Nov. 05, 2010 10:06PM EDT
The U.S. Federal Reserve’s quantitative easing program, announced on Wednesday, has the effect of being a devaluation of the American dollar, which makes it the latest episode in the so-called currency wars. Even metaphorically named wars are a chaotic and risky way to solve problems.
That is all the more reason why the G20 summit next week in Seoul should try hard to reach an agreement on how to diminish international economic imbalances, limiting trade surpluses and trade deficits and large accumulations of foreign-exchange reserves.
READ the whole article on web page see charts etc
posted by Ed E. Trebor at
7:25 a.m.
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