Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TobagoJack who wrote (56840)	12/3/2004 10:56:29 AM
From: elmatador	of 74559

What if the situation is "unprintable"? Meaning there is no way non-dollar countries could print their way out of their appreciating currencies? See, before was easy when old pals would do a Plaza Accord (1985) and the system would reassert itself. Today there are no old pals (in the few numbers required) to revert a currency appreaciation or depreciation, depending from where you look at it on a backroom deal. You'd need a whole G-10 (Beyond G-7: China, HK, Taiwan, South Korea, Thailand, Australia, Brazil, Mexico, Russia, Indiaand that wont be easy to come to an agreement.)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next