“Exchange rate is not a policy target, but it is important for growth…” – Mario Draghi
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Everybody is getting on in the race to the bottom. Sadly,with no concerns as to the outcome.
Totally agree, KS… Here is an interesting take:
http://www.theatlantic.com/business/archive/2013/02/currency-wars-what-are-they-good-for-absolutely-ending-depressions/272846/
macromon-
In the current world scenario,we have religious fanaticism, geographical greed aka the islands dispute and an economic/financial crisis which has put deep fear into lots of people.
Will not take much for desperate world leader to light a fuse. As the 2 world famous economists said,” This time is different.”
Frighteningly so,may I add.
My views on the future.
Review your comment here:
http://www.ted.com/conversations/13989/do_you_believe_that_our_future.html?c=541479
See what else is happening with the conversation “Do you believe that our future is bright, if yes, why and if not, why not?”:
http://www.ted.com/conversations/13989/do_you_believe_that_our_future.html
Could I please have your email id.Mine is kuldip46@gmail.com
Thank you.