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Full marks to EJ !

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  • Full marks to EJ !

    I seem to recall you say the FED will try for a large 20% devaulaion...if my math is right......thats what they appear to be doing.

    Mike

  • #2
    Re: Full marks to EJ !

    USD is down versus JPY about 30% over the last two years. Another 20% would look an awful lot like Plaza Accord II.

    I think EJ says USD index down from around 80 now to about 40 within 5 years, so maybe 20% from here is just a beginning... or the end...

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