An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Right and if you look at the sub-line they hit it on the head they say:
"slumping currencies have lowered costs and boosted profits..."
That is why the financiers adjust the exchange rate in response to the leading changes in the financed product prices in the foreign currency terms...
The system is R-E-G-U-L-A-T-E-D .... hellooooo!!!!!
To understand this we have to examine the regulatory process rather than imaginary quantities of fictitious metaphorical "flows" of "money" or "capital" or other metonyms and imaginary fantasy concepts...
yeah, pretty dumb statement by Bloomberg here.
ReplyDeleteI,
ReplyDeleteRight and if you look at the sub-line they hit it on the head they say:
"slumping currencies have lowered costs and boosted profits..."
That is why the financiers adjust the exchange rate in response to the leading changes in the financed product prices in the foreign currency terms...
The system is R-E-G-U-L-A-T-E-D .... hellooooo!!!!!
To understand this we have to examine the regulatory process rather than imaginary quantities of fictitious metaphorical "flows" of "money" or "capital" or other metonyms and imaginary fantasy concepts...