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Global Currency War Reveals World’s Top Money Plays
When rumors of the Swiss central bank again intervening to drive down the value of the Swiss franc hit the world’s currency trading desks late last week, it underscored just how hard global governments are fighting against the strong currencies that can derail exports while also blunting consumer demand at home.
In fact, in the face of a stagnant world economy unrivaled since the Great Depression, we’re now looking at an era of competitive currency devaluations – where every country tries to keep its own currency from rising too much.
Far too many investors are either unaware of these efforts, or dismiss these…
23Jun2009 | Money Morning | 0 comments | Continued
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