There's something about the Scandinavian countries. Despite brutal cold and scarce sunshine, the countries at Europe's northern periphery consistently perform at the top of the world's happiness rankings. In fact Denmark and Norway were ranked the first and second happiest countries by the World Happiness Report (a U.N. publication). Sweden came in at fifth happiest, followed shortly by Finland at seventh and Iceland at ninth.
The currency wars that the world's major economic powers are engaged in are not being fought with the same tactics as previous currency wars. There are no tariffs or duties being slapped on foreign produced goods, and you will hear no official policy of currency devaluation from government officials. But don't let that fool you.
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What We’re Reading:
Tax Reform Should Go Right Down Main Street (The Wall Street Journal)
What happens if the ECB pulls...