Brian Kelly from Kanundrum Capital just nailed it on CNBC's Fast Money Halftime Show. He brought up the topic of "monetary retaliation."
Last night on Bloomberg Asia, it was mentioned that South Korea was buying US dollars to stem the rise in their currency, but I can't find the story anywhere. I will keep looking, as I feel this is an extremely important ramification. There will likely be more countries to follow.
Kelly is quite right, in my opinion. It is not a free ride to zero for the money changers at the Fed. Active dollar debasement has unintended effects. Who could believe a stronger dollar could be one of them?
No comments:
Post a Comment