Sunday, March 31, 2013

Goldman on currency wars in charts

Maintaining a non-cooperative equilibrium is a challenging exercise. Not only will every individual partly have to constantly monitor what everyone else is doing, but in addition, there is a constant risk of escalation into protectionist policies. Trade disputes are already on the rise. The number of WTO dispute cases in 2012 was the highest in 10 years.
Zero Hedge
Currency Wars For Dummies
Goldman Sachs

Seeing faces in clouds?

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