We would just need to print more. China has to use resources to maintain the peg. It doesn’t just stay put because they say so.
Basically, I think we’re all already in a printing war. Us, China, Japan, Korea (maybe?). It’s already happening. Thus it looks like stasis.
Right, I think his point is that this will continue to escalate among countries engaging in QE as unemployment grows unabated by other policies. So he then says to buy precious metals and commodities (and the Canadian dollar).
mattlehrer reblogged this from josephweisenthal and added:
Right, I think his point is that this will continue to escalate among countries engaging in QE as unemployment grows...
josephweisenthal reblogged this from mattlehrer and added:
Basically, I think we’re all already in a printing war. Us, China, Japan, Korea (maybe?). It’s already happening. Thus...
mattlehrer posted this
