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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (17525)1/5/2016 10:18:28 AM
From: The Ox  Read Replies (1) of 33421
 
Good article but I'm not so sure about this statement:

Historically, a currency crisis has led to sovereign defaults, bank failures and hyperinflation in developing nations. This time, the side-effects have been contained.


Seems way too premature to make this sound like a fact of life. Certainly, while the FED was on hold and the dollar was weak or weakening, the above held true but it's only been the last 2 years or so where the dollar started to regain it's power. Let's revisit this in a couple of years after a number of rate hikes.....
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