Two views about today's prevailing exchange rates exist: the dollar is overvalued dollar and the yen needs a deep depreciation. The implication of the two is an explosion upward for the Euro. But can Europe deal with such a shock, and what would happen to the US if that happened?
Two views about today's prevailing exchange rates exist: the dollar is overvalued dollar and the yen needs a deep depreciation. The implication of the two is an explosion upward for the Euro. But can Europe deal with such a shock, and what would happen to the US if that happened?