Currency Wars before Helicopter Money

Posted on June 16th, 2016

Key trends this year include a weaker USD and surprisingly stronger JPY and EUR.  This is tending to render the remarkably expansive unconventional monetary policies of the BOJ and ECB ineffective.  Japan and the Eurozone have been cajoled by the USA to not engage in competitive currency devaluation and this is worsening the unintended consequences […]