currency wars

Is the Euro depreciation planned or just a by-product of currency revulsion? No one knows. However, the events of the past week following the European shock and awe package are curious to say the least. Here's one curiosity. In the…

After the $1 trillion EU/ECB/IMF bailout it became clear to me that this theme of competitive currency devaluations is likely to gather steam. The Euro is now dropping. I see a weak Euro as a big political problem both within Germany and…

Ambrose Evans-Pritchard has a good piece on Iceland out today at the Telegraph. The main point of his article is that Iceland is emerging from crisis and depression in a relatively healthy state due to a fifty percent currency…