"While the G-20 and the G-7 haggle
among each other, all (with perhaps the exception of France) desperate to
make it seem that Japan's recent currency manipulation is not really
manipulation, and that the plunge in the Yen was an indirect, "unexpected"
consequence of BOJ monetary policy (when in reality as Richard
Koo explained it is merely a ploy to avoid the spotlight falling on each and
every other G-7/20 member, all of which are engaged in the same type of
currency wars which eventually will all morph into trade wars), Europe's energy
powerhouse Norway quietly entered into the war. From Bloomberg:
"Norges Bank is ready to cut interest rates further to counter krone gains that
interfere with the inflation target, Governor Oeystein Olsen said. “If
it gets too strong over time, leading to inflation that’s too low, we will
act,” Olsen said yesterday in an interview at his office in Oslo..."
at http://www.zerohedge.com/news/2013-02-17/norway-enters-currency-wars
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