Thursday, October 14, 2010

Currency wars are necessary if all else fails

By Ambrose Evans-Pritchard
Published: 8:09PM BST 10 Oct 2010

The overwhelming fact of the global currency system is that America needs a much weaker dollar to bring its economy back into kilter and avoid slow ruin, yet the rest of the world cannot easily handle the consequences of such a wrenching adjustment. There is not enough demand to go around.
Full article here

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