{"id":6442,"date":"2015-03-12T05:53:50","date_gmt":"2015-03-12T10:53:50","guid":{"rendered":"http:\/\/olduvai.ca\/?p=6442"},"modified":"2015-03-12T05:53:50","modified_gmt":"2015-03-12T10:53:50","slug":"currency-wars-are-not-working","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=6442","title":{"rendered":"Currency Wars&#8230; Are Not Working"},"content":{"rendered":"<h3 class=\"title\"><a href=\"http:\/\/www.zerohedge.com\/news\/2015-03-11\/currency-wars-are-not-working\" target=\"_blank\">Currency Wars&#8230; Are Not Working<\/a><\/h3>\n<p>While none of the current batch of currency-devaluing Central Bankers would admit that their policies are designed to weaken the currency, enhance competitiveness, and hail a new bright future of growth for their nation (by printing money), it is clear that is the chosen textbook-based path chosen. However,\u00a0<strong>as the following charts show, it&#8217;s not working&#8230;<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>Massive devaluation in Japan&#8230; economic growth expectations slowing&#8230;<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/03\/20150311_devalue1.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/03\/20150311_devalue1_0.jpg\" alt=\"\" width=\"600\" height=\"313\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>Massive devaluation in Europe&#8230; economic growth expectations slowing&#8230;<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/03\/20150311_devalue2.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/03\/20150311_devalue2_0.jpg\" alt=\"\" width=\"600\" height=\"312\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>And then there&#8217;s The US&#8230;<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/03\/20150311_devalue3.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/03\/20150311_devalue3_0.jpg\" alt=\"\" width=\"600\" height=\"315\" \/><\/a><\/p>\n<p><em>(though note the last few weeks&#8217; surge in the USD has sparked some deterioration in the economic outlook).<\/em><\/p>\n<p>*\u00a0 *\u00a0 *<\/p>\n<p>Clearly the answer to Japan and Europe&#8217;s problem is more devaluation&#8230;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Currency Wars&#8230; Are Not Working While none of the current batch of currency-devaluing Central Bankers would admit that their policies are designed to weaken the currency, enhance competitiveness, and hail a new bright future of growth for their nation (by printing money), it is clear that is the chosen textbook-based path chosen. However,\u00a0as the following [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[124,951,1099,1098,240,279,284,353,452,827],"class_list":["post-6442","post","type-post","status-publish","format-standard","hentry","category-economics","tag-central-banks","tag-currency","tag-currency-devaluation","tag-currency-wars","tag-economic-growth","tag-eu","tag-european-union","tag-gdp","tag-japan","tag-united-states"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6442"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6442\/revisions"}],"predecessor-version":[{"id":6443,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6442\/revisions\/6443"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}