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Strategies & Market Trends : The coming US dollar crisis
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To: maceng2 who wrote (49652)1/22/2013 3:53:28 PM
From: ggersh  Read Replies (1) of 71474
 
King saved you guys, maybe with some help from Ben and Al?

Was that a "triple dip"? -vbg-


Please Welcome UK To The Global Currency WarsSubmitted by Tyler Durden on 01/22/2013 - 14:50 When it was announced in late November that Goldman's Mark Carney would become head of the BOE (a "shocking" move only Zero Hedge predicted), we said that one has to be insane to be buying the GBP at those levels. Sure enough, it took just two short months before the implications of yet another Goldmanite's pro-inflationary policies would become apparent. To wit:

  • KING SAYS BOE IS READY TO PROVIDE MORE STIMULUS IF NEEDED
  • KING SAYS QE WAS CRUCIAL IN AVOIDING U.K. DEPRESSION
  • KING SAYS U.K. BANKS SOME WAY FROM CONVINCING MARKETS ON SAFETY
  • KING SAYS POUND DROP WAS NEEDED FOR U.K. REBALANCING
  • KING: U.K. 4Q GDP ALMOST CERTAINLY CONSIDERABLY WEAKER THAN 3Q
And the punchline:

  • KING SAYS REBALANCING NEEDED TO AVOID CURRENCY WARS
In other words, please welcome the UK to the global currency wars.
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