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A free floating commentary on culture, politics, economics, and religion based on a passionate commitment to the truth and a desire graciously to refute that which is contrary to it….
"He must hold firm to the sure word as taught, so that he may be able to give instruction in sound doctrine and also to confute those who contradict it."
--Titus 1:9, Revised Standard Version
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Is this a currency war or what?
Fast-growing nations like Thailand are trying to devalue their exchange rates to bolster their export-driven economies.
In Washington, where “strong dollar” has been the mantra for years, policy makers are taking steps that could make the already weak dollar weaker still.
European policy makers worry that a resurgent euro will threaten growth in their own backyard. And the entire world, it seems, is jawboning China to level the playing field and let its undervalued currency, the renminbi, appreciate. It is a step that Beijing, by all accounts, does not want to take.
With so many economies struggling, it suddenly seems as if it is every nation for itself in the currency markets....
Read it all.
Filed under: * Culture-Watch Globalization * Economics, Politics Economy Currency Markets Euro European Central Bank The U.S. Government Federal Reserve The United States Currency (Dollar etc) Politics in General * International News & Commentary America/U.S.A. Asia England / UK Europe
Next entry (above): From the Do Not Take Yourself Too Seriously Department: Sermon Preparation
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