| 28.07.2011 - When currencies push up commodity prices, is squeezing demand the solution to persistent inflation? |
| This has become an era of cheap currencies. All the more terrible since we have seen that economic well-being comes only in periods of stability and cheap currencies are its antithesis. Arguably April/May 2009 may be regarded as marking the end of the global crisis. Between June 1, 2009 and July 15, 2011, theUSdollar has come around a full circle - from 1.4192 to 1.4156 euros - with a low of 1.51 and a high of 1.19 in-between..............................................Full Article: Source |