Armageddon Can Wait
It is highly likely that we will see a mix of currency wars, currency collapses, and currency chaos in the year ahead. But this won’t spell the end of the economic recovery, much less the end of the world.
https://prosyn.org/UlKUWog
CAMBRIDGE – Where are global currencies headed in 2011? After three years of huge, crisis-driven exchange-rate swings, it is useful to take stock both of currency values and of the exchange-rate system as a whole. And my best guess is that we will see a mix of currency wars, currency collapses, and currency chaos in the year ahead – but that this won’t spell the end of the economic recovery, much less the end of the world.