BULLDOG75: IMF Chief Lagarde on the Debt Ceiling; ECONOMISTS Dumbfounded Over German Gold; WHY Currency Wars are Bullish for Precious Metals
IMF Chief Lagarde on the debt ceiling: IMF Managing Director Christine Lagarde talks to Chrystia Freeland, editor of Thomson Reuters Consumer News, about the challenges of regulatory arbitrage, the need to promote job-based economic growth and the dire dangers from the U.S. debt ceiling fight.
Economists Dumbfounded Over German Gold Repatriation:
Why Currency Wars are Bullish for Precious Metals:
As nations see Japan’s success in weakening the yen (see discussion), some begin to take notice. Emerging markets nations often attempted to devalue their currencies in the past in order to improve competitiveness. But these days developed economies are doing it as well. This morning the Russians called these policies “currency wars”, which is a good way to describe the latest developments. And such policies are not limited to Japan.