Institutional Investor (October Issue)
2010/ 10/ 14 by jd in Global News
Modern economic warfare appears to center on competitive depreciation. The euro, the dollar, the yuan, the yen and other currencies are competing for lower ground as a means to jumpstart their own national economies. Institutional Investor points out “competitive devaluations and/or depreciations can cause the world to slip back into recession…. We need statesmen and stateswomen, not nationalists.”
Tags: Currency, Depreciation, Devaluation
