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Non-Tech : Kirk's Market Thoughts
COHR 128.77-2.5%Nov 4 3:59 PM EST
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To: Kirk © who wrote (14542)9/30/2022 1:53:22 PM
From: Sun Tzu  Read Replies (1) of 26408
 
I stayed up that night watching the live action in currency markets. It was brutal.
Summers was not the first to say that. People were pointing it out as it happened.
DM currencies rise as the interest rates rise. EM currencies fall as their bonds fall because the underlying force is lack of faith in being paid back. Guess what has the UK's been behaving like?
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