April 09, 2012

More Strong Currency Joy!

OK, so it's really a followup on my March 1 post, but it fulfills my personal requirement of posting at least once a month.

Rousseff seeks US support in ‘currency war’
In a meeting that highlighted the occasionally uneasy relationship between the two countries despite their potential to be strong partners, Ms Rousseff said that excessive monetary expansion in the US and Europe was hampering growth in countries such as Brazil.
Duh. As I keep saying, if you like the idea of a strong dollar, well, you should be careful what you wish for. You might get it.