Westie very few understand that the unfolding crisis is in the currency markets. Fair enough if the USD was rallying on true market forces but it ain't. Its now more flawed than ever and the reverse move has a world of sound business models carry ugly currency hedging losses and if thy go out of business everything from commodity production to manufacturing will suffer blows when they should have been hedged from the weak US economy risk. Its a currency crisis IMO. And this could well be the trigger for higher interest rates to defend a nation's purchasing capacity. Hungary did it yesterday - up 3%! At the moment export incomes are doing ok but import bills are exploding and inflation is actually occuring outside of the US.
Stop the rott following the US and the EU down the dropping interest rate path. That's why we are where we are today ...
