Friday, June 10, 2011
Tim Duy — Unemployment or Currency Crisis
Tim Duy of Fed Watch is a very savvy guy. He has a must-read post on the current thinking at the top, which is how to navigate between high unemployment and, no, not inflation, as many think, but currency depreciation leading to a currency crisis. Current thinking seems to be that unemployment has to be suffered in order to avoid a possible currency crisis.