Of course the biggest economy in the world and the nation that controls the most important reserve currency can engage in currency manipulation. To suggest otherwise would be unserious.
You can argue he has been setting the stage for this since he started messing with the Fed board of governors.
I thought the target would be China instead of Canada, but vindictive small cocked old white guys gonna vindictive small cocked old white guy.
Well, we could see the might and awe of that power when its intervention in Japan fell almost completely flat. The only thing it really achieved was to convince the EU that the US is a rogue hostile country and that it needs to prepare accordingly.
Let me suggest otherwise then. Currency manipulation only works when it’s done in the direction the market was already going.
History is full of examples of countries failing to manipulate their own currencies because they wanted to do it on the wrong direction. There’s no reason to believe a large country in the middle of a fiscal crisis can do it, and there are some reasons to believe that “most important reserve currency” status may not survive the attempt.
Of course the biggest economy in the world and the nation that controls the most important reserve currency can engage in currency manipulation. To suggest otherwise would be unserious.
You can argue he has been setting the stage for this since he started messing with the Fed board of governors.
I thought the target would be China instead of Canada, but vindictive small cocked old white guys gonna vindictive small cocked old white guy.
Well, we could see the might and awe of that power when its intervention in Japan fell almost completely flat. The only thing it really achieved was to convince the EU that the US is a rogue hostile country and that it needs to prepare accordingly.
Let me suggest otherwise then. Currency manipulation only works when it’s done in the direction the market was already going.
History is full of examples of countries failing to manipulate their own currencies because they wanted to do it on the wrong direction. There’s no reason to believe a large country in the middle of a fiscal crisis can do it, and there are some reasons to believe that “most important reserve currency” status may not survive the attempt.
How would someone who lacks even the most rudimentary understanding of basic economics concepts engage in “currency manipulation”?
It’s possible he has accomplices in this matter.