Tuesday, July 17, 2007

the suspicion is that usd will depreciate and asian countries will follow. focus in terms of action should be switched from europe to us where growth should be revived . so far depreciation is the best way out of any deficit and given the chinese economy the bet is that inflation will be kept at bay. depreciation is a liquidity measure making us goods cheaper , increasing therefore the economic growth and keeping the slowdown of the us consumption under the carpet .

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