Saturday, August 18, 2012

We Are in the Middle of the Third Currency War

‘The thrust of Rickards’ presentation is that we are in the middle of the third global currency war. Countries engage in currency wars in order to “steal” growth from their trading partners. They do this by weakening their currencies to increase export competitiveness. But it is a zero sum game. The benefits are fleeting.’

- Greg Canavan's summary of Jim Rickards view point, from a recent interview. Find more information here: