Re: Hiding a Recession
Forsooth, Borodog, forsooth. It really makes you wonder why the Federal Reserve had been hiking interest rates in a recessionary period (making it harder to borrow against real goods), why the dollar-yen exchange rate was at historic lows till February of this year, and the Gulf Nations have been committed to dollar peg since the '90s. It only makes sense that foreign private investors, with no responsibility or allegiance to the United States government, would continue to buy and peg to a depreciating currency.
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