Good morning! Let’s take a look at the currency crisis. Simon Johnson at Project Syndicate says the brewing currency wars are not just China’s fault, though it “certainly bears some responsibility.” He mostly blames “Europe’s refusal to reform global economic governance, compounded by years of political mismanagement and self-deception in the United States. … the […]
Category Archives: Inflation
The Currency Crisis
Also posted in Deflation, Fiat Currency, Finance at First Light
Tagged Federal Reserve
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Deflation In America
A popular section of The Kelly Letter is called Situations. It’s a weekly collection of tidbits on a variety of subjects presented at varying length, but never more than one page for one situation. Sometimes, they’re only a paragraph or two. The following update on the recent concern that deflation is coming to America ran […]
